Bitcoin Price Analysis: Is September's Rally Structure In Danger As BTC Hangs On Chain? Bitcoin is trying to stabilize around $78K after experiencing a fourth straight weekly loss, impacted by the Binance hack and significant withdrawals from US spot Bitcoin ETFs. The property is currently trading within a critical demand zone, with a potential rebound towards $86K–$90K if it holds above $75K; However, a drop below this level could lead to deeper corrections. Analysis on the chain indicates an increase in the velocity index, which suggests an increased circulation of Bitcoin, which could undermine the supply dynamics that supported previous price increases.