Bitcoin Consolidates Above $78K as Market Awaits September Direction
The price of Bitcoin has strengthened to $78,239 on September 1, 2026, according to data from Pintu Market. This represents a 0.76% increase over the past 24 hours and continues the consolidation trend after briefly breaking through the psychological $80,000 level in late August.
Bitcoin's market capitalization currently stands at Rp27,893 trillion, making it the largest crypto asset by valuation in the global market. The circulating supply of Bitcoin has reached 20,077,953 BTC out of a maximum total supply of 21 million BTC, which is approximately 95.6% of the total that will ever exist.
According to technical analysis from analyst Itai Levitan, published on InvestingLive, Bitcoin's current price action indicates a 'credible stabilization attempt, but not yet a confirmed bullish trend reversal.' The critical support level for this thesis to remain valid is at $77,165, while upside confirmation levels range from $78,340 to $81,000.