Bitcoin Drifts Towards Support Break Amid Dollar Weakness
Bitcoin's price is struggling to hold its ground as it drifts towards its Fast line, according to an analysis published by Kitco on September 10, 2026. The first support fan has been broken after three confirmed daily closes beneath it, and the failure to clear the newly lowered TBO Resistance raises the likelihood of a strong pivot high formation.
The next meaningful test for Bitcoin will be at the 0.786 Fibonacci retracement near $76,000. On-balance volume continues to decline alongside the red candles, but its moving average line remains reasonable. The dollar index remains firmly bearish, sitting below both its Cloud and TBO Support.
The EURUSD pair looks constructive, while the USDJPY is strongly bearish with an oversold relative strength index and price showing bullish divergence. However, these conditions are not seen as grounds to oppose the move, as the established bearish outcome can continue.