Bitcoin gained more than 20% in five days, roughly 140 times the S&P 500’s average annual return of 10.02%. The cryptocurrency reached $79,500, just 0.6% short of the symbolic $80,000 threshold, with the daily relative strength index (RSI) at 84.64, its highest reading of 2026. U.S. spot Bitcoin ETFs attracted $517.2 million on August 19 and then $606.3 million the following day, while bearish traders lost $1.06 billion in a single day. Three resistance layers block Bitcoin’s path to $80,000, and BTC remains 39% below its record of $126,080 set in October 2025.
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