Bitcoin, XRP, Solana, Dogecoin Remain Rangebound: Why Has the Rally Stalled?

In the first week of September, Bitcoin (CRYPTO: BTC) traded in a tight range while XRP (CRYPTO: XRP), Solana (CRYPTO: SOL) and Dogecoin (CRYPTO: DOGE) outperformed as leverage shifted towards altcoins ahead of a busy macro week.

Why Is BTC Rangebound?

Bitcoin has traded between $77,100 and $81,300 over the past 20 trading sessions, with most recent activity concentrated near the middle of the range.

The $77,100 level is now key support making it one of Bitcoin’s highest-volume trading levels of 2026. It is also where BTC broke down in May.

A drop below could weaken the medium-term uptrend. A break above $81,300 could quickly push Bitcoin toward $86,500.

Bitcoin has seen little trading between $81,300 and $86,500, creating a potential "volume vacuum," Bitfinex said on Sept. 9

Selling pressure has also been well absorbed, with aggregate Spent Output Profit Ratio, near 1.002, indicating Bitcoin is broadly changing hands around break-even.

About 69%-71% of Bitcoin’s supply is in profit, still below the 74.7% level that has historically signaled a shift from bear to bull market.

That suggests the current move remains a bear-market relief phase until the threshold is decisively crossed.

XRP, SOL, DOGE Join Altcoin Rotation