Daily chart of Bitcoin from February to 30 August 2026, with four parallel golden lines falling from left to right. At the bottom, two of them enclose the lows: the lower passes through the low of 6 February, at $60,074, marked with a small circle and labelled “the lows, on the same line”, and through the low of 1 July, below $58,000. Above, that same pair raised to the high of 10 May, at $82,430, also circled and labelled “projection · the slope of the lows”; the lower line of that upper pair is dashed. Between May and July the price falls from $82,000 to under $58,000, then moves sideways around $63,000 through August. At the end it rises vertically in a handful of sessions: one wick clears the upper line and comes straight back, and the last candle stops with its high at $80,678, circled right on that line and labelled “$941 into the band”.

31 August 2026

Bitcoin is still inside its falling channel

Everyone is talking about Bitcoin going back to all-time highs because it has bounced almost 40% off its July low.

And yet it is still inside its short-term falling channel, and to improve it would have to confirm the break.

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