Bitcoin rose to $72490 on August 20th, continuing a breakthrough. The direct driving factor in the upturn of the wheel is the trigger of a forced silo after successive price runs through a number of empty-headed areas, leading to a further widening of the purchase. However, the solar-line indicator has risen significantly, and the market has begun to shift to a focus on the back-up support position.

Breaking 200-day average.

As at the time of the submission, BTC reported $71,900 near Binance, an increase of about 3.8 per cent in the day. This round started with a price escape of between $64,000 and $66,000. In July and the first half of August, the zone continued to suppress the movement.

With the price breaking of $67,000, Bitcoin re-established the 200-day simple moving mean line near approximately $69010, and recovered the 200-day movement mean line close to the same area. Previously, since June, the BTC has been running under these two long-term lines.

The shorter-cycle mean line has also been re-established. 20 The average daily line is approximately $64595, with averages of 50 and 100 being concentrated between $64264 and $66211. In the event of subsequent repulsion, the area could be transformed into a wider support belt.

It's empty.

CoinGlass sought to show that bitcoin was swirling too many levers when it broke $66,000, $68,000 and $700. The most intensive liquidity before the breakthrough was concentrated around $65,000 to $66,000.

After the price passed through the region, the flat-headed refills pushed the BTC fast up to $69,000. Thereafter, the empty clearing belt between $69,000 and $71,000 continued to expand. Owing to the speed at which prices go up, relatively few settlement-intensive areas have been created above the current price level.

The accompanying market data show that, in just one hour, Bitcoin flattened more than $1 billion, and the entire encryption market flattened $2.7 billion. Liquidation would speed up unilateral fluctuations, but such passive buyouts tended to weaken once the main empty positions were cleared.

ETF flows are still a follow-up point.

Short-term trends remain strong. 4 The Supertrend indicator on the hour chart has changed to a more visible one, and the corresponding dynamic support has risen to around US$ 67752. Chaikin Money Flow Report 0.28, also shows that there is a correlation between financial inflows during the breakthrough.

But overheating signals at the solar line level are more visible. 14 Day RSI has risen to 78.7 above the common 70 over-purchase line. This reading does not necessarily mean that prices will be reversed immediately, but it indicates that the current round is rising at a significantly faster rate than recent normal, and that the probability of a clean-up or profit-out is increasing.

The current market concerns are mainly supported by a range of US$ 67,000 and US$ 65,000 to US$ 66,000, which largely coincides with 4 hours Supertrend and the dayline average area. If the price can continue to stand at $72,500 above, the next close psychological level will look at $74,000, and above it will be a historical trade-intensive area of $78,000 to $80000.

In addition to the derivatives factor, spot ETF financial flows are also supporting. SoSoValue data show that the real bitcoin ETF recorded a net inflow of $517 million on August 19. If this financial flow continues, the market ' s sources of support for the current round ' s upturn will be more of an institutional buy-in rather than just a payback.

The recent fall in the United States Treasury debt rate and the United States dollar also provides external environmental support for non-interest-bearing assets such as bitcoin. However, the strength of the breakout will be tested if the US debt return is back up, ETF flows are weakened, or the BTC dayline is back down by $69,000.