{"id":41835,"date":"2026-08-17T05:40:52","date_gmt":"2026-08-17T05:40:52","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=41835"},"modified":"2026-08-17T05:40:54","modified_gmt":"2026-08-17T05:40:54","slug":"bitcoin-technical-analysis-report-17th-august-2026","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-17th-august-2026","title":{"rendered":"Bitcoin Technical Analysis Report – 17th August 2026"},"content":{"rendered":"\n

The Valkyrie Bitcoin<\/strong><\/a> Miners ETF (WGMI) has surged nearly 97% over the past year, even as Bitcoin has fallen 46%. The sharp divergence reflects how Bitcoin miners are changing their business models, with companies such as Riot, Core Scientific and IREN increasingly signing AI and data-center deals. As a result, WGMI is no longer behaving like a simple leveraged bet on Bitcoin and is becoming increasingly tied to the broader AI infrastructure and data-center trend. Meanwhile, Bitcoin edged higher from its weekly lows after U.S. July PPI data came in softer than expected. Producer prices rose 4.7% year-over-year, below the 4.9% forecast, while the monthly increase was 0.2%. The cooler inflation reading reduced expectations of further Fed tightening, supporting U.S. equities and giving Bitcoin some room to recover.<\/p>\n\n\n\n

At the time of writing, BTC was trading at $63,350.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Also Read: Goldman Sachs to Acquire 3 Crypto ETFs Through NEOS Takeover<\/a><\/strong><\/p>\n\n\n\n

Bitcoin, after making an all-time high of $126,199, witnessed a sharp fall. The price corrected almost 52% and made a low of $60,000. Post this move, the asset gave a relief rally up to $82,850. However, the bulls failed to maintain their grip on the asset, and prices witnessed another correction, making a recent low of $57,800. Currently, BTC is consolidating and trading in a range from $61,000 to $66,500 with declining volumes. Breakouts on either side of the range with good volumes will further decide the trend for the asset.<\/p>\n\n\n\n

Key Levels<\/strong><\/h2>\n\n\n\n
Support 2<\/span><\/strong><\/td>Support 1<\/span><\/strong><\/td>Asset<\/span><\/strong><\/td>Resistance 1<\/span><\/strong><\/td>Resistance 2<\/span><\/strong><\/td><\/tr>
$52,000<\/td>$60,000<\/td>BTC<\/strong><\/td>$62,000<\/td>$82,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Unravel everything that you need for your crypto journey via ZebPay blogs<\/strong><\/a>. Get started today and join 6 million+ registered users on ZebPay<\/strong><\/a>!<\/p>\n\n\n\n

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The Valkyrie Bitcoin Miners ETF (WGMI) has surged nearly 97% over the past year, even as Bitcoin has fallen 46%. The sharp divergence reflects how Bitcoin miners are changing their business models, with companies such as Riot, Core Scientific and IREN increasingly signing AI and data-center deals. As a result, WGMI is no longer behaving […]<\/p>\n","protected":false},"author":1,"featured_media":33689,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"_ayudawp_aiss_exclude_summary":false,"_ayudawp_aiss_summary":"","_ayudawp_aiss_summary_provider":"","_ayudawp_aiss_summary_hash":"","footnotes":""},"categories":[26],"tags":[17,79,310,16],"class_list":["post-41835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-bitcoin","tag-blockchain","tag-btc","tag-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/41835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=41835"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/41835\/revisions"}],"predecessor-version":[{"id":41838,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/41835\/revisions\/41838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/33689"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=41835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=41835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=41835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}