Bitcoin Price Fluctuates Before Stabilizing Near $77,300
- Bitcoin experienced a $3,215 fluctuation, ending with a minor gain of just 0.2%.
- The price settled around $77,000-$77,500 after reaching a high of $82,281 earlier in September.
- Short-term charts show volatility below the key resistance level of $78,800.
- Volume increased during a bounce on September 11 compared to previous trading sessions.
- Moving averages indicate ten bullish signals against four bearish ones.
Despite recent fluctuations, Bitcoin’s long-term trend remains stable with support holding in the mid-$70,000s range. However, short-term indicators suggest that momentum is currently lacking below the resistance level of $78,800.
For Bitcoin bulls to regain control and push towards the previous highs between $82,280-$82,830, breaking through the current resistance is crucial.(Source)
