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Bitcoin price rejected at $80.5K, bulls defend $79K support amid mixed momentum.

Technical Signals
07 Sep 2026
Bitcoin
View Source
Neutral
Bitcoin price rejected at $80.5K, bulls defend $79K support amid mixed momentum.

Bitcoin's price fell from a high of $80,537 to trade between $79,013 and $80,537 on September 7, 2026, showing short-term weakness but maintaining a constructive daily uptrend. The key support level at $79,013 is critical for bulls to defend, while resistance levels at $80,537 and $82,108 remain important for potential upside. Despite bearish signals from the MACD and some moving averages, the majority of daily moving averages remain bullish, indicating the broader trend is still positive. The market is currently balancing between fading momentum and a strong underlying trend, with the next moves hinging on whether Bitcoin can hold above support or break lower.

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