Bitcoin price traded just below $78,000 on Sept. 1 after retreating from the $81,000 area, as fading trend strength, Federal Reserve rate concerns and nearby liquidation clusters kept the cryptocurrency inside a narrow range. Summary Bitcoin price fell about 1.9% over seven days after encountering resistance near $81,300. The 4-hour ADX dropped to 12.26, indicating weak directional momentum. Liquidation liquidity is concentrated around $81,000–$82,000 and $75,000–$77,000. A daily close above $82,842 would strengthen the case for another leg higher. Bitcoin price consolidates after 25% August rally According to data from crypto.news, Bitcoin (BTC) price was trading near $77,978 at press time, down about 0.8% on the day and roughly 1.9% over the past week. The asset has pulled back from a local high near $81,300 while holding above the $77,700–$77,800 area. The decline followed a nearly 25% advance in August, Bitcoin’s strongest monthly performance since November 2024. Profit-taking increased as buyers struggled to push the price through the $81,000–$82,000 resistance zone. The daily chart shows Bitcoin holding most of its August breakout despite the recent pullback. Price remains we...
Bitcoin price stalls below $78K as ADX falls to 12
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