Bitcoin slips below $79,000 as crude prices rise and ETF outflows resume; what should investors watch...

Investors should remain measured ahead of inflation data. Excessive leverage should be avoided, suggests analyst.

• Bitcoin fell to $78,060, then recovered to $78,340.
• Macro factors and US data influence Bitcoin price.
• Bitcoin ETFs saw recent outflows after earlier inflows.

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Bitcoin fell to the low of $78,060 in the early trade on September 10, but quickly recovered some of those losses to trade just above $78,340 (09:02 IST), though representing 0.30 percent over the past 24 hours, and up 0.78 percent in a week, amid shifting US interest-rate expectations and geopolitical tensions.

Rising crude prices pressured broader risk assets. Attention now shifts to upcoming US PPI and CPI data, which could shape the Fed’s September rate decision.

Nischal Shetty, Founder of WazirX, said, "Bitcoin’s setup is getting interesting. The daily golden cross is a positive signal and shows momentum is improving, but the bigger question is whether Bitcoin can reclaim and hold its 50-week moving average."

He explains that BTC is already above its 200-week moving average, which has historically been an important long-term support. "If the 50-week moving average turns into support as well, that would give the ecosystem much stronger confirmation that the market structure has shifted.”