Bitcoin price (BTC USD) is trading at $77.800, down -1.5% over the past 24 hours, as the market digests a $6Bn U.S. Treasury long-term debt buyback that was supposed to spark fireworks, and instead delivered a shrug.
Traders are watching a specific price zone this week that could decide whether the next move is a breakout or another leg down, and it’s not the number most headlines are quoting.
The buyback, tripling the pace seen before the intervention was announced, coincided with bitcoin swinging between $78,095 and $79,650 before settling near $78,600.
Liquidations across crypto totaled $223M, with $120M of that coming from long positions caught wrong-footed. Meanwhile, a Kobeissi Letter post on X noted that Treasury yields rallied anyway, suggesting, in their words, that “the bond market is fighting the U.S. Treasury.”
Add in Brent crude cracking $100 a barrel for the first time since July amid fresh Middle East tension, and macro headwinds are stacking up against risk assets broadly. That’s the backdrop for the technical picture below.
Can Bitcoin Price Hit $80,000 This Week?
$BTC is dropping toward $77,000 after PPI came in hotter than expected.
The key level to watch is $76,500. A decisive break below that level could open the door to a much sharper move lower.
Meanwhile, rate hike expectations are increasing, while Brent crude is surging toward… https://t.co/7ODoq1mHLZ pic.twitter.com/mAxo4RABog
— Wealthmanager (@Wealthmanager) September 10, 2026
At $78,219.68, bitcoin sits almost exactly at the midpoint of a range that’s defined price action for weeks. Historical data pegged BTC near $78,012 on September 10, down 0.32% on the day, a level that’s held remarkably steady given the macro noise. Technicians point to $77,165 as the line in the sand; a sustained close below that would invalidate the current recovery thesis entirely.
On the upside, acceptance above $78,340 followed by a push through $79,730–$79,920 would mark the first credible signal of a bullish shift back toward the $82,000–$83,000 highs. Analysts at Binance Square frame the current chop as post-impulse digestion rather than a reversal.
Bull case: reclaim $79,920, run at $82,000.
Base case: continued range-bound grinding between $76,350 and $79,000.
Bear case: a break below $77,165 opens the door to the $73,891–$76,988 Fibonacci support zone.
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