Crypto
Will Bitcoin Hold at $79,500 or Slide Below $76,000?
Bitcoin's price prediction is uncertain as it hinges on holding support around $79,500 after rejecting a move toward $82,000.
The cryptocurrency traded near $79,800 on September 7, with buyers defending the crucial area. However, derivatives demand remains mixed, with CryptoQuant's taker data showing aggressive futures buying has not consistently confirmed Bitcoin's recovery.
According to TradingView's Moving Average Convergence Divergence indicator, momentum is weakening after the early September rally. The MACD line stood near 230 while the signal line remained around 305.