⭐️ Bitcoin price stalls below $78K as ADX falls to 12

⚠️ Bitcoin price traded just below $78,000 on Sept. 1 after retreating from the $81,000 area, as fading trend strength, Federal Reserve rate concerns and nearby liquidation clusters kept the cryptocurrency inside a narrow range. According to data from cryptonews, Bitcoin price was trading near $77,978 at press time, down about 0.8% on the day and roughly 1.9% over the past week. The asset has pulled back from a local high near $81,300 while holding above the $77,700–$77,800 area.

📣 The decline followed a nearly 25% advance in August, Bitcoin’s strongest monthly performance since November 2024. Profit-taking increased as buyers struggled to push the price through the $81,000–$82,000 resistance zone. The daily chart shows Bitcoin holding most of its August breakout despite the recent pullback. Price remains well above the Supertrend support at $72,310, while the indicator continues to show a bullish trend on the daily timeframe.

🌐 However, Bitcoin has repeatedly failed to sustain moves above $80,000. The rejection has left the price inside a short-term range, with neither buyers nor sellers showing enough strength to establish control. The daily relative strength index stands at 68.02. Although the reading remains above the neutral 50 level, it has fallen below its moving average at 76.83, showing that bullish momentum has cooled since the August surge.