Bitcoin Stuck at $77,200 as Bulls Await Breakout Above $81,700

Bitcoin is trading near $77,200 and facing significant resistance as it consolidates below the key $81,700 level. Analysts say that clearing this threshold would confirm a broader bull market.

The cryptocurrency has strong selling pressure from long-term holders between $77,100 and $80,200, which is contributing to its stagnation around $77,000.

Institutional demand for Bitcoin via ETFs appears to be stabilizing after recent outflows. This could be crucial if BTC approaches $80,000 again.

The upcoming Federal Reserve decision on September 16 and Treasury yields near 5% are adding macroeconomic pressure, making this week critical for Bitcoin's price direction.