Bitcoin Stalls at $76K After Rejection from Upper-$79K Range

Bitcoin's price has been sitting near $76,900 on September 15th after getting rejected from the upper-$79,000 range. The market indicators show a mixed picture with two bearish signals and one bullish signal.

The short-term charts are more negative than the daily chart, which still looks healthier. The moving averages split almost perfectly down the middle, with seven bearish readings, one neutral, and seven bullish signals in total.

Support is concentrated around $76,000-$76,600, while resistance stretches from roughly $77,100 to $78,400. A convincing rebound would need to fight its way through this band of resistance.