Bitcoin price loses $78K as Supertrend turns bearish

Bitcoin price fell below $78,000 on Sept. 10 as hotter U.S. producer inflation, ETF outflows and weakening technical indicators weighed on demand ahead of the Federal Reserve’s September meeting. Summary Bitcoin price fell 1.31% to $77,278 after reaching an intraday low of $76,676. Price broke below the daily Bollinger Band midpoint and 4-hour Supertrend support. 4-hour CMF dropped to -0.06, indicating that capital flows favored sellers. Liquidation clusters near $79,500–$80,000 could become an upside price magnet. Bitcoin price falls toward its lower Bollinger Band According to data from crypto.news, Bitcoin (BTC) price was trading near $77,278 at the time of writing, down 1.31% on the daily chart. The asset opened the session at $78,306 before falling as low as $76,676, placing it near the bottom of its recent trading range. The wider crypto market also declined 2.01% over 24 hours to $2.65 trillion. Ether traded near $2,420, while XRP and Solana changed hands around $1.36 and $99.31, respectively. U.S. producer inflation contributed to the risk reduction. August headline producer price inflation reached 5.4%, slightly above the 5.3% forecast, while core PPI climbed to 4.6%, its ...