Bitcoin Dances on Edge as Price Hovers Around $75K

Bitcoin's price is currently hovering around $75,879 on September 16th after a sharp intraday washout tested $74,913 and buyers managed to pull the price back into the mid-$75,000s.

The bigger picture for Bitcoin remains uncertain. Short-term momentum remains weak, while longer-term moving averages still lean positive.

For now, Bitcoin is trying to find its footing after a sizable late-summer run lost steam. The price needs to reclaim $76,000-$77,000 to target the $79,800-$82,300 zone.