BTC Surges Past $79k on Macro Catalysts and Short Squeeze

BTC broke $79k on Aug 21-22, driven by Treasury buyback expansion, White House crypto meeting, and record $2.85B short squeeze. Now testing $79k-$80k resistance. Overbought RSI/CMO signals pullback risk. FOMC minutes hawkish but liquidity focus. Upcoming PCE Aug 26 key. New: BTC broke above 200-DMA, cleared $78k resistance, next target $82,833. Momentum rotation from semiconductors to BTC. Ki Young Ju bottom call adds sentiment support. On-chain Bull Score crossed 60 for first time since Oct 2025, a bullish signal, but huge unrealized losses remain a cap. Scott Melker confirms rally is real buying. Key question: can ETF demand sustain after forced buying fades? Additional catalysts: Duong interview reinforces Q4 rally setup; Bessent's bond buyback weakens dollar; historic 4.4 sigma move with 70%+ win rate; Trump crypto summit; Ray Dalio endorses BTC as debt hedge.