Bitcoin Price Holds Firm Above $76K Amid Short-Term Weakness

The Bitcoin price has been hovering around $76,400 to $77,100 on September 2nd, after retreating from its recent high of $81,455 per coin.

Despite a 2.2% decline in the short term, the bulls are defending the floor at $76,229 per unit, which is now crucial for the market's direction.

The daily chart shows that Bitcoin has still managed to hold onto a solid 17.8% gain from its previous low of $65,212.60, despite the recent pullback.

Looking ahead, the big level to watch is $75,000, while 11 moving averages are still flashing bullish signals, indicating that the bulls have a strong case for now.