Bitcoin slips below $79K as jobs data revives Fed fears – What’s next for BTC?

On Friday, the 4th of September, Bitcoin [BTC] experienced a 2.98% price dip from $81,340 to $78,915 in just over two hours. The price move came after the U.S. jobs report came in stronger than expected.

This made a Federal Reserve rate cut less likely, and a rate hike more feasible. It helped explain the minor Bitcoin pullback, but does not negate the upward momentum Bitcoin has shown over the past three weeks.

The Fed’s decision later in September will likely impact crypto price trends. The Clarity Act vote scheduled for mid-September could be pushed to November as the House leadership cancelled the final two weeks of September.

Bitcoin faces profit-taking threat

In these uncertain conditions, Bitcoin was skirting the edge of a major long-term supply zone. The $82k area was last visited in May, provoking a strong sell-off back then.

The 6-month holder MVRV was at 13.10%. This metric had moved above 10% back in October 2025, when Bitcoin was making all-time highs. The high MVRV readings meant that 180-day holders were, on average, profitable.

The 180-day mean coin age has been trending lower since May. It signaled distribution among medium-term holders. While it showed profit-taking, the 2-year dormant circulation was relatively quiet. Long-term holders aren’t yet selling en masse.