Bitcoin Holds $78K as Old Coins Test Spot Demand

1 month ago 6

Rommie Analytics

Key Takeaways

  • Bitcoin remains above its nearest daily support.
  • Long-held coins are moving more frequently.
  • Spot-demand growth turned negative for two days.
  • Futures-demand growth remained positive during consolidation.

Bitcoin is holding, but $80,000 remains unfinished business

Bitcoin traded near $77,800 around 13:30 UTC on September 1 after reaching an intraday high of $79,180. The price remained below the recent resistance area between $80,000 and $81,000, where several attempts to extend the recovery have stalled.

TradingView 1-day price chart for Bitcoin (BTC/USD) on Bitstamp as of September 1, 2026, displaying the price at $77,783, Fibonacci retracement levels from $57,735 to $75,873, and a 14-period ...                    </div>

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