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Bitcoin Price Prediction: $72K Test Opens BTC 15% Upside Above 200 EMA

Bitcoin traded 3.3% higher at $71,629.78 by 09:03 UTC today (Thursday), extending a two-day advance after gaining about 7% on Wednesday. The move carried BTC through the top of its June to August range near $67,000 and into the 200-day…

Finance Magnates

Publisher

Aug 20, 2026 at 10:02 AM UTC · 11 min de leitura

Bitcoin Price Prediction: $72K Test Opens BTC 15% Upside Above 200 EMA
Image via Finance Magnates

Entities

bitcoin

Market Impact

BTC+6.32%$72,716

Last Updated

há 9 horas

Traduzindo…

Bitcoin traded 3.3% higher at $71,629.78 by 09:03 UTC today (Thursday), extending a two-day advance after gaining about 7% on Wednesday. The move carried BTC through the top of its June to August range near $67,000 and into the 200-day exponential moving average at $71,541.21.

A daily close above that average would activate $75,338.53 as the first resistance, followed by my main target at $82,614.16. The second level is about 15.3% above the chart's reference price, while a rejection would put the broken $66,779.63 area back in play.

This is a material change from my July 20 Bitcoin forecast, when the $65,261 range floor had turned into resistance and the chart pointed toward $44,858. BTC has since reclaimed that floor, its 50-day EMA and the descending trend line that capped the summer consolidation.

Bitcoin Breaks the $67,000 Range Ceiling

My first daily chart shows why the move matters. Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term spent most of June, July and the first half of August between approximately $58,000 and $67,000. The upper boundary overlapped with a descending trend line drawn from the October 2025 high.

Market Context

Bitcoin

BTC

$72,718

+6.32% (24H)

Market Cap

$1.46T

Circulating Supply

20.1M BTC

24H Volume

$59.6B

24H High

$72,961

View Bitcoin Market Page

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