Bitcoin is trading around $77,000 after dropping below $76,500 earlier this week, as fresh US-Iran strikes spooked markets. Analyst NoName identifies $83,000 as the crucial level: a daily close above it backed by real spot volume would confirm a new uptrend, but a rejection combined with a break below $74,000 could trigger a drop toward $50,000 to $55,000. Other observers remain more optimistic, with Doctor Profit stating the bear market is over. Bitcoin posted an exceptional August, closing up nearly 25 percent, its best August since 2017, but remains down close to 30 percent year-to-date and more than 38 percent below its October 2025 peak above $126,000.
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