Bitcoin Is Plateauing At $77k: What Does It Mean And What's Next?
Bitcoin (BTC) had one of its best moments in late August and early September of this year when it reclaimed the $81,000 price level. However, BTC’s upswing seems to have cooled off. The asset is showing signs of entering a sideways trajectory and is facing substantial resistance at the $78,000-$80,000 price range. Let’s discuss what this means for Bitcoin (BTC) and what could happen next for the asset. What Next For Bitcoin? Will It Continue Moving Sideways Or Will It Face A Correction? Source: News.bitcoin The cryptocurrency market saw an upswing in late August 2026 due to two developments. The first was President Trump’s White House cryptocurrency event, during which the President said that the US plans on buying a large number of Bitcoin (BTC) and other cryptocurrencies. The statement likely led to a surge in investor confidence. The second development was the US Treasury’s decision to increase bond buy backs which led to a rise in liquidity. Increased liquidi...