Crypto
Bitcoin Price Stalls at $79,000 Resistance Amid Volatile Rebound
Bitcoin's price rose by 2.5% on September 3 to between $78,400 and $78,743 per coin after buyers defended a crucial support area.
The rebound, however, was met with resistance near $79,000 and higher, which slowed the recovery.
The 1-hour chart shows that bitcoin's price logged a choppy grind higher after touching $76,229, but the rebound stalled beneath $78,743.
A local high reached $78,743, but the latest action did not provide volume confirmation normally associated with a clean breakout.