Bitcoin price eyes $72K after bearish MACD crossover

Bitcoin price extended its decline below $78,000 on Sept. 10 as fading momentum, elevated Treasury yields and caution before U.S. inflation data kept buyers on the sidelines. Summary Bitcoin price fell to an intraday low of $77,688 after failing to hold above $78,000. Daily MACD momentum turned bearish, while RSI retreated from near-overbought levels. Liquidation clusters sit near $77,300 below and between $80,500 and $81,800 above. Analysts view the wider $76,000 to $81,000 area as a volatile range without a clear trend. Bitcoin price falls below $78,000 According to data from crypto.news, Bitcoin (BTC) price traded near $77,800 at the time of writing after opening the daily session at $78,306. The cryptocurrency reached an intraday high of $78,564 before sellers pushed it as low as $77,688. The move extended the pullback from the Sept. 3 peak near $82,280. Bitcoin has since formed a series of lower highs on the 4-hour chart, showing that buyers have struggled to maintain each rebound. Price also slipped below the 4-hour Supertrend level around $78,203. The indicator will continue to favor sellers unless Bitcoin recovers that mark and holds above it on a closing basis. A stronger ...