Bitcoin Bytes: Daily Bitcoin Price Analysis & News: Aug 21st, 2026
At the time of writing, the price of Bitcoin is approximately $77,600 and keep rising. Since the last update, the price has surged by about 24%! This significant movement followed six weeks of a ranging market where Bitcoin's price fluctuated between $67,328 and $57,630. This trading range was broken on Aug. 19, 2026, triggering a massive short liquidation of $1.74 billion, which caused the price to rise further.
On August 19, 2026, crypto short liquidations reached $1.74 billion in just 24 hours, marking the second-largest short liquidation event ever recorded. This was only surpassed by the crash on October 10, 2025, which amounted to $2.47 billion, according to CoinGlass.
Bitcoin Price Technical Analysis
Observing the Bitcoin daily price chart, we notice that Bitcoin's price has broken through all the daily EMAs of 20, 50, 100, and 200, continuing its upward trend. Additionally, it is evident that this strong movement originated from a significant POC. This robust movement was driven by mainly positive macroeconomic news from the US, where the U.S. Department of the Treasury announced increased sizes of nominal long-end liquidity support buybacks and Trump's encouragement for the Senate to pass the CLARITY Act during a White House meeting with crypto and finance executives on August 19.
On the weekly Bitcoin price chart, we can observe that we broke through the strong EMA 200, but the EMA 50 and EMA 100 continue to serve as strong resistance on the weekly chart.
Bitcoin ETFs
Net inflow in Bitcoin ETFs where on Aug. 20 2026 +606.30M according to CoinMarketCap data. From chart below we can see it is high daily inflow compare to compare to last months.
According to data from SoSoValue U.S. spot Bitcoin ETFs recorded their strongest daily inflows in months, pulling in $517.19 million on August 19 and $606.29 million on August 20.
Technical Indicators
Technical indicators on the 30-minute chart are mostly showing neutral signals. This suggests that the movement is merely a euphoric reaction to good news and isn't supported by real data. The entire upward movement might collapse, returning to the original POC, as seen in the charts above.
Name | Value | Action |
ADX(14) | 68.90 | Strong |
CCI(20) | 138.29 | Neutral |
MACD(12,26,9) | 1285.66 | Buy |
Parabolic Sar | 75404.30 | Buy |
ROC(9) | 0.036 | Neutral |
RSI(14) | 70.39 | Overbought |
STOCH(5,3,3) | 66.70 | Neutral |
STOCHRSI(14) | 38.86 | Neutral |
Ultimate Oscillator | 60.785 | Neutral |
Williams %R(14) | -30.18 | Neutral |
JAN MATULA
Founder of Bitcion.Blog
Graduate of Bratislava University of Economics and Business, experienced Forex and Stocks trader since 2008, early Bitcoin investor and crypto trader since 2021.
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