Bitcoin Struggles at $80.5K as Bulls Fight to Hold $79K

Bitcoin bulls are working hard to protect the $79,000 mark after a run toward $80,537 was quickly shot down. On September 7, the leading cryptocurrency was hovering between $79,300 and $79,500, showing signs of cooling momentum after the sudden rejection.

This pullback keeps Bitcoin locked inside a tight intraday range of $79,013 to $80,537. While the daily trend still looks positive for the bulls, the rejection at the top of the range shows that sellers are ready to defend higher price levels.

Traders are now watching these two key boundaries. A break below $79,000 could open the door for a deeper pullback, while a clean move above $80,537 could set the stage for another run up.