Bitcoin Holds Above $76,706 as CPI Reversal Raises Questions
The Bitcoin price has maintained its bullish stance above $76,706 after this week's CPI report. To avoid a quicker drop towards $72,000, BTC must hold onto this level.
As of September 12, 2026, the cryptocurrency trades near $77,259.73, showing little movement since the CPI release. The price had been stuck in a tight range throughout August before breaking out in early September, reaching as high as above $81,000 and holding between $76,000 and $77,000 for several sessions.
The zone was tested directly on the CPI release day, with the price spiking towards $79,800 during the reaction but quickly reversing to around $77,000. This left a long upper wick on the chart, raising questions about whether this is a pump-and-dump signal or just a normal market fluctuation.