Chart of the Day: Bitcoin Breaches $75K to Challenge 300-EMA First Time Since January (21.08.2026)

Bitcoin is gaining nearly 4% today, approaching its 300-day exponential moving average for the first time since the beginning of the year. The rebound in the cryptocurrency market stems both from White House pressure to pass an official regulatory framework for digital assets and capital outflows from the dollar amid concerns over US public finances.

What is driving Bitcoin's gains today?

Regulatory Momentum: Donald Trump pressured Congress to pass the Clarity Act, which would establish a legal framework for digital assets. The White House's engagement in talks with crypto executives and political momentum provided the market with a long-awaited boost of optimism.
Macro & Debasement Trade: Recent dollar weakness and pressure on yields following the US Treasury Department's announcement of accelerated bond buybacks injected liquidity and reinforced the "debasement trade" amid fears of a growing US budget deficit.
Short Squeeze & Technical Breakout: The sudden price surge also triggered a short squeeze, liquidating nearly $1 billion in short positions betting on further Bitcoin weakness in a matter of hours. Forced buying and Bitcoin's charge above its 100- and 200-day exponential moving averages heightened optimism, lifting the price above key resistance around $75,000.

Technical Analysis: BITCOIN (D1)

Bitcoin broke sharply above previous resistance levels, testing the key zone highlighted by the yellow area (approx. 73,200–77,400), where the 78.6% Fibonacci retracement and the 300-day EMA reside. Maintaining a position in this zone will be essential to preserving bullish momentum, while a close above the EMA200 should secure recent gains. A retreat toward the EMA200 could exert profit-taking pressure, which—given the heavily overbought RSI (83 points)—would favor a local pullback. Nevertheless, supportive fundamentals, including regulatory catalysts, a weak dollar, and concerns over US debt, should offer solid support over a longer horizon.

Source: xStation5

10 September 2026, 7:01 PM

Daily Summary: Indices Pull Back Under Pressure from Oil Prices

10 September 2026, 6:19 PM

EIA weekly inventory surprises 📈🛢️

10 September 2026, 4:44 PM

Oil continues to rise

10 September 2026, 3:18 PM

US OPEN: Bonds keep climbing, semiconductors give back gains

Crypto

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days