Bitcoin price tests $78K as bearish divergence grows
Bitcoin price slipped below $79,000 on Sep. 9 as weakening short-term momentum and liquidity clusters on both sides of the market raised the risk of a sharper move. According to data from cryptonews, Bitcoin price traded near $78,900 at the time of writing, down from an opening price of $81,271 on Sep. 4. The asset briefly fell to $78,455 during the latest daily session before buyers pushed it back toward $79,000.
️ The six-day pullback followed Bitcoin’s failed attempt to extend its rally above $81,000. Price reached a local high above $82,000 earlier in the period but could not hold those gains as macro concerns and leveraged liquidations weighed on demand. Bitcoin’s broader daily structure remains constructive despite the decline. BTC is trading slightly above its 10-day simple moving average at $78,732, while the 20-day SMA is much lower at $70,242.
The 50-day, 100-day, and 200-day averages are grouped between approximately $66,700 and $70,000. Bitcoin’s position above those longer-term indicators shows that the larger recovery has not broken down, even as short-term momentum cools.
