ANALYST: BITCOIN PRICE HOVERED BELOW $78,000 AND ADX DOWN TO 12

Bitcoin prices hovered below $78,000 at the time of the 1 September deal, before falling from the $81,000 area. The reduced intensity of the trend, interest rate concerns of the Federal Reserve and the nearby liquidation cluster have led to the preservation of the encrypted currency within a narrow zone. The current price of bitcoin is about US$ 77,978, falling about 0.8 per cent in the daytime and about 1.9 per cent in the past week. The asset fell from a local height of close to $81,300, while remaining above the $77,700 to $77,800 area. Despite the recent reversals, bitcoin is still above the US$ 72,310 super-trend supporting position, and the indicator continues to show an upward trend on the graph. However, bitcoin was repeatedly unable to maintain more than $80,000. According to the currency network data, there is a large leverage position above and below current prices in the one-week bitcoin liquidation hot map。