$BTC Current price: around $79,000โ€“$80,000. BTC has pulled back after recently trading above $80K. ๏ฟฝ
CoinMarketCap +1
๐Ÿ“Š Technical view
Support: $77,200 โ†’ $75,000
Major support: $71,800โ€“$72,000
Resistance: $80,500 โ†’ $82,400
Major resistance: ~$83,000โ€“$84,000
A sustained break above $83Kโ€“$84K could open the way toward $90K. ๏ฟฝ
Reuters +1
BTC remains above its major medium-term EMAs, but momentum has cooled and RSI is around the low-60s. ๏ฟฝ
FXStreet
๐Ÿ”ฅ What matters now
The biggest short-term catalyst is the U.S. CPI inflation report on September 11. A softer CPI could support BTC and risk assets, while hotter inflation could increase pressure from higher-rate expectations. ๏ฟฝ
CoinMarketCap +1
My view: ๐ŸŸก Cautiously bullish above $77K, but BTC needs a convincing break above $82Kโ€“$84K to strengthen the bullish case. A loss of $77K could bring $74Kโ€“$75K into focus.
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