BTC - The Jackson Hole Pump Bitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTToday I will be laying out what a potential liquidity sweep to the upside could look like for Bitcoin during the Jackson Hole Symposium. To begin, I still very much expect a pullback from this region at this point in time, and I stand by my previous analysis on Bitcoin: However, I know how market makers in this space love to play with ranges like this for liquidity, so I would not be surprised to see something like what I am about to outline occur. What Is Jackson Hole? The Jackson Hole Economic Symposium takes place August 27th through 29th, hosted by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming, with this year's theme being "Financial Innovation: Implications for Payments and Policy." No interest rate decisions are actually made at this event, but speeches from Federal Reserve officials often give traders important clues about future policy direction, and history shows these speeches can move markets as much as an FOMC decision itself. What makes this year's symposium especially significant is that it will be Kevin Warsh's first Jackson Hole appearance as Fed Chair, with his keynote expected Friday morning, August 28th. Warsh has given fewer clear policy signals than his predecessor so far, making this speech more difficult to predict and potentially more consequential for markets. Bitcoin's history around this specific event is worth understanding. In 2022, Powell delivered an aggressively hawkish speech, and Bitcoin fell 6% in a single session, ultimately sitting 9% below its pre-speech level within two days. In 2024, the reaction flipped entirely. Powell signaled the time had come for policy easing, and Bitcoin surged 5%, in the hours following the speech. In 2025, the reaction was far more muted, with Bitcoin actually slipping about 1.3% even after a dovish tone, and that post-speech rally attempt unwound within days. Given that Warsh enters this year having said very little about rates since taking office in May, and with the Fed having just held rates in July while three officials voted to hike, whatever tone he strikes on Friday is likely to land with outsized impact in either direction. The Bullish Sweep Scenario In this idea I want to outline the scenario where markets get excited about what is discussed and crypto sees a pump as a result. If this were to occur, I could see Bitcoin printing its next high somewhere between $82,000 and $85,000, and here is exactly why. Bitcoin has been trading within this main range between $62,000 and $82,000 for the past 7 months. Price already saw a liquidity sweep of the lows (downside deviation) before reclaiming the channel around $62,000 and beginning its move back toward the upper part of the range. It would not be surprising to see Bitcoin break above $82,000 and sweep liquidity to the upside next. This would draw a lot of market participants in eagerly, as Bitcoin would technically be printing a higher high since its May 2026 top, but there is more supporting this theory than just that alone. When deviations like this occur above or below an established range, they typically represent a liquidity grab designed to trigger breakout buyers and trap late longs above resistance, or panic sellers and trap late shorts below support, before price reverses sharply back into the range. Market makers use these moves to fill large orders against the emotional reactions of retail participants who chase the breakout, which is exactly why a sweep above $82,000 followed by a swift reclaim back below it would be such a classic and recognizable pattern. The Resistance Bitcoin Would Face You must understand that there is significant resistance above $80,000, so it is important to outline the hurdles Bitcoin would face if price does push into this zone. I have the 365 SMA (blue) and 365 EMA (red) outlined. The 365 SMA currently sits right above price as resistance, while price is currently holding the 365 EMA as support. This does provide some argument for one more push higher before facing the SMA above. This is also plausible given the RSI is still sitting in overbought territory and has not yet fallen back into the RSI channel, meaning there may still be enough underlying strength left to contribute to one more push to the upside. One other factor worth noting is that the ETF cost basis (pink) sits right around $82,000 and has clearly acted as a floor or ceiling for price depending on whether Bitcoin was trading above or below that average. Even back in March 2024, I outlined that $83,800 would become a significant future level (dotted purple line) that would play a key role in price action down the road. This was before Bitcoin had even broken $70,000 for the first time. Here is that related idea: The $80,000 to $85,000 zone is also filled with Fibonacci confluence levels from multiple trends. I have several related ideas outlining these different levels below: The Bottom Line No matter what happens, if BTC breaks above the $82,000 range, market participants will be celebrating, genuinely believing the bear market is over. Depending on how the symposium unfolds, there may even be a real macroeconomic catalyst that helps make that happen. However, if you see price sweep to the upside and then start reclaiming daily candle closes back below $82,000 within the channel, understand that this would confirm the liquidity sweep is complete, and the final leg to the downside would likely begin from there. Either way, expect volatility over the next few days as the Jackson Hole Symposium unfolds.