Bitcoin price risks $76K drop as $78K support weakens

Bitcoin price fell below $79,000 on Sept. 8 as weakening capital flows and nearby liquidation clusters increased the risk of a deeper pullback toward $76,000. Summary Bitcoin price traded near $78,450 after failing to hold the former $79,500 support area. 4-hour CMF fell to -0.10, showing that selling pressure outweighed buying activity. The daily chart kept a bullish structure above the 20-, 50-, 100-, and 200-day averages. Liquidation clusters near $78,000 and $80,600 could shape Bitcoin’s next short-term move. Bitcoin price falls below $79,000 According to data from crypto.news, Bitcoin (BTC) price traded at approximately $78,450 at the time of writing, down around 1% over the previous 24 hours. The decline followed another failed attempt to extend above $80,000, with sellers defending the broader $81,000–$82,000 resistance zone. The 4-hour chart shows that BTC reached an intraday high near $78,995 before falling as low as $78,281. Price remained slightly above the Supertrend level at $78,204, making the indicator an immediate test for buyers. Bitcoin price 4-hour chart — Sep. 8 | Source: crypto.news Bitcoin’s Chaikin Money Flow reading fell to -0.10 on the same timeframe. A neg...