Bitcoin Price Prediction: BTC Falls Below $77K, $75K Next?

Bitcoin fell below $77,000 on Sept. 10, extending its retreat from the $80,000 area as hotter U.S. inflation, rising Treasury yields and leveraged liquidations hit the crypto market.

BTC dropped as low as roughly $76,650 during the session before stabilizing near $77,000. The move followed August producer inflation of 5.4% year over year, which pushed traders to increase bets on another Federal Reserve rate hike next week. Reuters put the probability near 70%, up from around 65% before the PPI release.

The selloff also triggered approximately $562 million in crypto liquidations, with Bitcoin contributing to the wave as long positions were forced out after the $78,000 support area failed.

$75K Becomes Bitcoin’s Next Major Test

The technical picture weakened quickly after Bitcoin failed to hold $78,000.

Sept. 10 historical data show BTC closing near $77,188, down about 1.4% on the day after trading as high as $78,541 and as low as $76,705.

Fresh technical analysis now places $75,000 as the first major downside support, followed by the 200-day moving average near $72,500 if sellers remain in control. Resistance sits around $78,000 first, with $81,000 above that.

That makes the current setup a direct continuation of Bitcoin’s repeated failures around $80,000. Coinpaper recently highlighted how radically the market has changed since BTC traded at $8, with U.S. spot ETFs now holding more than $103 billion in assets.