Price Prediction
Bitcoin Price Analysis: Is the September Rally Structure in Danger?
Bitcoin is attempting to stabilize around $78K after experiencing its fourth consecutive weekly loss, influenced by the Binance hack and significant withdrawals from U.S. spot Bitcoin ETFs. The asset is currently trading within a critical demand zone, with a potential rebound towards $86K–$90K if it holds above $75K; however, a drop below this level could lead to deeper corrections. On-chain analysis indicates a rise in the Velocity metric, suggesting increased circulation of Bitcoin, which may undermine the supply dynamics that supported previous price rallies.