Bitcoin Price at Risk of $76K Drop as Weakening Capital Flows Intensify
The price of Bitcoin fell below $79,000 on September 8 as weakening capital flows and nearby liquidation clusters increased the risk of a deeper pullback toward $76,000.
According to data from crypto.news, the decline followed another failed attempt to extend above $80,000, with sellers defending the broader $81,000, $82,000 resistance zone.
The 4-hour chart shows that Bitcoin reached an intraday high near $78,995 before falling as low as $78,281. Price remained slightly above the Supertrend level at $78,204, making the indicator an immediate test for buyers.
Despite the short-term decline, Bitcoin continued to trade above all four moving averages shown on the daily chart. The 20-day simple moving average stood at $78,440, placing BTC almost directly on its nearest dynamic support.