Bitcoin is still below the 50-week simple moving average, still below the May swing high, and still below the low of November 2025. Three weeks of sideways movement have not changed that. The bearish roadmap is not dead, and it still points to 44,000 and possibly 39,000. Video by More Crypto Online.
But there is one thing in this video that has not happened in any previous bear market: the rally from the July low is stronger than any rally we saw during the last bear market. Our bear market rallies indicator has printed lower highs in every single bear market until now. This time it did not.
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Bitcoin (BTC) is currently trading at $77,838.92, marking a 1.49% decline over the past 24 hours as the broader crypto market experiences downward pressure ahead of critical economic data. Despite slipping below the crucial $80,000 threshold, BTC continues to hold strong month-over-month gains of approximately 20.7%
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Bitcoin Insights Today
-Inflation & Rate-Hike Fears: Crypto prices are sliding primarily due to macro uncertainty. Investors are bracing for today’s Producer Price Index (PPI) and incoming Consumer Price Index (CPI) reports. According to the CME Group's FedWatch tool, there is currently a 62.2% chance that the Federal Reserve will raise interest rates at next week's meeting, triggering a strong risk-off environment.
-Geopolitical & Oil Supply Shock: Renewed Middle East tensions near the Strait of Hormuz have pushed crude oil prices above $105 per barrel this week. This spike has intensified global inflation fears, dragging down speculative risk assets like Bitcoin.
-ETF Outflows & Liquidations: Slowing institutional buying pressure is evident as U.S. spot Bitcoin ETFs recorded consecutive net daily outflows exceeding $166 million. Concurrently, heightened volatility triggered a cascade of nearly $270 million in forced long derivatives liquidations within a single day
-The Clarity Act Countdown: The upcoming Senate closure vote on September 15th for the Clarity Act (a major crypto market structure bill) has the industry on edge. A national TV ad blitz from crypto Super PACs is actively fighting resistance from big banks.
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