Bitcoin Stuck Near $79,000 as Buyers Struggle with Resistance

Bitcoin has been hovering around $78,200 as buyers defend its short-term support but struggle to break through the $80,000 to $82,000 resistance zone.

The current setup balances improving on-chain conditions with several near-term risks. More than 71% of Bitcoin's circulating supply is currently in profit, while US spot Bitcoin ETFs remain positive despite a recent outflow.

A softer August CPI reading on September 11 could help BTC challenge $82,000, but hotter inflation data could shift attention back toward $77,000.