Bitcoin Price Tumbles from $82K Amid Short-Term Selling Pressure
Bitcoin's price plummeted from $82,281 to around $79,000 on September 4, due to short-term selling pressure despite a still-strong daily trend supported by moving averages.
The key support levels to watch are around $78,531 and $76,800-$77,300, while resistance lies near $81,430.
Technical indicators show mixed signals with bullish moving averages but some bearish momentum oscillators, suggesting cautious trading ahead.