According to CoinMeta, after Bitcoin's price broke through the 200-day moving average, its target is set at $83,000. On August 27th, after quickly breaking through the $63,000 range, Bitcoin's price remained around $79,500. Demand and developments in U.S. policy supported this rebound, despite technical indicators warning that momentum might be overstretched. Data shows that as of writing, the price of Bitcoin was around $79,473, with a intraday high of $80,520. Since breaking through $63,000 on August 19th, Bitcoin has risen by about 25%.