Bitcoin Price Tumbles Below $78K Amid Ongoing Volatility

On September 2, Bitcoin's price on the 1-hour chart dropped by 2.2% from $78,542 to $76,810, hitting a high of $79,250 before falling to an intraday low of $76,229.

The rebound left many questions unanswered, with support sitting at $75,000 to $76,000 and resistance beginning at $78,000 to $79,000.

A close above $78,000 would indicate that the latest sell-off was absorbed, while a close below $76,000 or even $75,000 would invalidate the bounce.