Bitcoin price holds $76K as falling wedge tightens

2 weeks ago 12



Bitcoin price held near $77,700 on Sept. 3 after recovering from an intraday low around $76,264, but weakening spot demand and $236.5 million in US ETF outflows kept the rebound under pressure. Summary Bitcoin price recovered above $77,000 after buyers defended the $76,000–$76,500 liquidity zone. US spot Bitcoin ETFs recorded $236.5 million in net outflows during the latest session. A falling wedge places immediate resistance near $78,000, followed by $79,500 and $80,300. Positive daily money flow and stronger Aroon readings show sellers have not regained full control. Bitcoin price holds above $77,000 According to data from crypto.news, Bitcoin (BTC) price traded around $77,700 at the time of writing, up about 1.2% over 24 hours after moving between $76,264 and $78,184. The recovery followed another test of the $76,000 area, where the CoinGlass one-week liquidation heatmap showed a large concentration of leveraged positions. Buyers prevented a sustained break below that zone, allowing Bitcoin to move back toward $78,000. Price action on the 4-hour chart remains compressed inside a falling wedge. The upper boundary sits near $78,000, while the lower trendline approaches $76,000. Fa...

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