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Bitcoin price stalls near $77,100-$81,700 supply zone amid heavy selling by long-term holders.

Technical Signals
12 Sep 2026
Blockonomi
View Source
Neutral
Bitcoin price stalls near $77,100-$81,700 supply zone amid heavy selling by long-term holders.

Bitcoin's price faces strong resistance between $77,100 and $81,700 due to long-term holders selling up to 539,000 BTC in this range, creating a dense supply zone. The price must close above the 365-day moving average at $81,700 to confirm a bullish phase and target higher resistance levels at $83,600 and $88,700. Meanwhile, U.S. Bitcoin ETFs saw a fourth consecutive day of outflows totaling $462.73 million for the week, contrasting with inflows into Ether ETFs, indicating selective institutional demand. The next key support lies near the 200-day moving average around $70,000, with significant accumulation between $62,000 and $65,000. Buyers need to overcome these supply barriers to sustain upward momentum.

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