We analyze Bitcoin using Elliott Wave on 2 September 2026, identifying $70,500 as the crucial support for current consolidation. In this Bitcoin Elliott Wave analysis, we examine the current price consolidation within a broader sideways range. We monitor the support zone to determine if the internal wave 4 structure will hold for a potential further push higher. While the high probability element of the previous rally is complete, we maintain our focus on these levels to gauge the next move in a market currently lacking impulsive momentum. Video by More Crypto Online.
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As of September 2, 2026, Bitcoin (BTC) is trading at approximately $77,016.75 USD, experiencing a slight intraday decrease of 0.51% over the last 24 hours.
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Bitcoin Insights Today
-Price Consolidation: Bitcoin opened the day at $77,413.50, peaking at an intraday high of $77,710.60 before sliding to a daily low near $76,392.25. It has since recovered slightly to trade above the $77k support level.
-Current Trend: The minor retracement indicates a brief period of profit-taking as the asset consolidates inside its current macro trading range.
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