Home · Business · Sep 11 archive
Bitcoin Faces Heavy Resistance at $81.7K as Supply Wall Blocks Rally
Confirmed
In Short: Bitcoin has paused between $76,000 and $82,000, as several key resistance levels converge, hindering its rally.
Bitcoin (BTC) has paused between $76,000 and $82,000, as several key resistance levels converge above the spot price, according to reports from FXStreet. The 365-day moving average, currently at $81,700, is the first major resistance Bitcoin must overcome to confirm a new bull market, as noted by CryptoQuant.
The 200-day moving average at $70,000 remains the key technical support, while the 3x Metcalfe band stood at $138,000 when Bitcoin reached its $126,000 all-time high in October 2025, according to FXStreet. Beyond the 365-day moving average, Bitcoin faces another resistance level at $83,600 based on the 3x Metcalfe band.
A decisive break above the 365-day moving average would confirm the new bull market and open room for a new leg up, while a rejection keeps Bitcoin range-bound, as stated by the report. Cryptocurrency prices are facing a broad correction on Monday, following failed attempts to break through key resistance levels.
Strong institutional demand continues to support BTC, with US-listed spot Bitcoin Exchange Traded Funds (ETFs) recording nearly $1 billion in net inflows for the third straight week, according to FXStreet. Bitcoin (BTC) is retreating toward $79,000 at the time of writing, pressured by ongoing profit-taking and persistent macroeconomic headwinds.
What's confirmed
- Bitcoin (BTC) has paused between $76,000 and $82,000, as several key resistance levels converge above the spot price, according to reports from FXStreet. The 365-day moving average, currently at $81,700, is the first major resistance Bitcoin must overcome to confirm a new bull market, as noted by CryptoQuant.
- The 200-day moving average at $70,000 remains the key technical support, while the 3x Metcalfe band stood at $138,000 when Bitcoin reached its $126,000 all-time high in October 2025, according to FXStreet. Beyond the 365-day moving average, Bitcoin faces another resistance level at $83,600 based on the 3x Metcalfe band.
- A decisive break above the 365-day moving average would confirm the new bull market and open room for a new leg up, while a rejection keeps Bitcoin range-bound, as stated by the report. Cryptocurrency prices are facing a broad correction on Monday, following failed attempts to break through key resistance levels.
- Strong institutional demand continues to support BTC, with US-listed spot Bitcoin Exchange Traded Funds (ETFs) recording nearly $1 billion in net inflows for the third straight week, according to FXStreet. Bitcoin (BTC) is retreating toward $79,000 at the time of writing, pressured by ongoing profit-taking and persistent macroeconomic headwinds.
What's still developing
- “Bitcoin must absorb the overhead supply to advance,” the report said.
- CryptoQuant argued that the trend is still constructive, but a resistance wall continues to hinder a clear breakout.
- The band measures Bitcoin’s network value using active addresses, with the 3x band now sitting just above the 365-day moving average.
- Bitcoin (BTC) trades near $79,500 at the time of writing on Monday, consolidating near the recent highs after gaining more than 3.4% last week.