1 month ago
22
Key Takeaways
- $76,600 remains the first daily support.
- $79,500 to $80,000 is immediate resistance.
- A golden cross formed near $70,000.
- U.S. inflation data could drive volatility.
Bitcoin slips below $78,500 as sellers stay active
Bitcoin fell as low as $78,350 on Bitstamp on September 8 before recovering slightly. BTC is now trading between its first Fibonacci support near $76,600 and the $79,500-$80,000 area it needs to reclaim.
Since Bitcoin broke above the 23.6% Fibonacci retracement near $76,580 in late August, that level has acted as its first daily support. The latest pullback tested the area, but BTC quickly moved back above it, keeping the recovery structure intact for now.
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