RE: LeoThread 2026-08-20 10-48

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If Bitcoin holds above the $72,300-$74,100 support zone, the next target is the $79,955-$82,573 extension area; a drop below this level risks a retest of $68,700. Note the continued inflow into US spot Bitcoin ETFs after the initial surge.

leofinance
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A historic short squeeze that liquidated over $756 million in bearish BTC positions, strengthening the upward momentum.

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The main reason for the rise of $BTC
The U.S. Treasury's expanded bond buyback program, which lowered yields, weakened the dollar, and encouraged a risk-on rotation to scarce assets like Bitcoin.

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Problem is regardless of bitcoin price alt season is done. people should just convert to USDT if this year alt season doesn't come

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As long as BTC maintains its position above key support levels, there remains significant potential for an altcoin rebound.

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Bitcoin Dominance is testing key resistance levels. Once BTC stabilizes and clears its range, capital is expected to rotate into large-cap altcoins first, before spreading to the broader marke

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