Bitcoin Price Cautiously Climbs Above $77K Amid Falling Wedge Pattern

Bitcoin price held steady above $77,000 on September 3 after recovering from an intraday low around $76,264. The rebound was under pressure due to weakening spot demand and US ETF outflows of $236.5 million.

A falling wedge pattern is forming on the 4-hour chart, with resistance near $78,000, followed by $79,500 and $80,300. However, positive daily money flow and stronger Aroon readings suggest that sellers have not regained full control.

US spot Bitcoin ETFs recorded net outflows during the latest session, while CoinGlass's one-week liquidation heatmap showed a large concentration of leveraged positions around the $76,000 area. Buyers prevented a sustained break below this zone, allowing Bitcoin to move back toward $78,000.