Bitcoin price tests $78K as bearish divergence grows

Bitcoin price slipped below $79,000 on Sep. 9 as weakening short-term momentum and liquidity clusters on both sides of the market raised the risk of a sharper move. Summary Bitcoin price traded near $78,900 after falling from above $81,000 on Sep. 4. The 4-hour price dropped below its Bollinger Band midpoint at $79,188. An ADX reading of 18.31 points to weak short-term trend strength. Liquidation liquidity is concentrated near $80,000 above and $77,000–$78,000 below. Bitcoin price struggles to hold $79,000 According to data from crypto.news, Bitcoin (BTC) price traded near $78,900 at the time of writing, down from an opening price of $81,271 on Sep. 4. The asset briefly fell to $78,455 during the latest daily session before buyers pushed it back toward $79,000. The six-day pullback followed Bitcoin’s failed attempt to extend its rally above $81,000. Price reached a local high above $82,000 earlier in the period but could not hold those gains as macro concerns and leveraged liquidations weighed on demand. Bitcoin’s broader daily structure remains constructive despite the decline. BTC is trading slightly above its 10-day simple moving average at $78,732, while the 20-day SMA is much ...