Bitcoin fell as low as $75,605 before recovering toward $76,900, with weak momentum and dense liquidation zones leaving the price vulnerable ahead of the CLARITY Act vote and the Federal Reserve's policy decision. Separately, Bitcoin's realized cap has turned positive for the first time in 2026, ending an 87-day decline.
Bitcoin traded near $76,863 after dropping 1.7% during the session, having opened at $78,189 and reached an intraday high of $78,250. The coin briefly fell to $75,605 before buyers pushed it back above $76,000.
The decline extended a retreat from the $79,000–$80,000 region, where several rebound attempts have stalled since late August. Price action has since formed lower highs, showing sellers remain active during bounces. Political uncertainty added to the caution: the U.S. Senate was preparing a procedural vote requiring 60 votes to advance the Digital Asset Market Clarity Act, while traders also awaited the Federal Reserve's policy decision.
Technicals point to a fragile balance
Bitcoin holds above the daily Supertrend level at $72,786, keeping the broader trend bullish. That cushion would still offer little protection if the $75,500–$76,000 demand zone breaks. On the 4-hour chart, Bitcoin traded near $76,869, below the Bollinger Bands' middle line at $77,404. Its ADX reading stood at 17.26, a level that typically signals weak trend strength on either side.
Leveraged positions concentrate in nearby liquidation zones on both sides of the current price. The 24-hour CoinGlass heatmap shows clusters between $77,600 and $77,800, and again between $78,200 and $78,500, above the market, with another concentration near $75,000 below it. A break in either direction could accelerate the move as leveraged positions close out.
Realized cap reversal offers a longer-term signal
Away from the intraday swings, Bitcoin's realized capitalization turned positive on August 24, ending 87 straight days of decline. By September 6 the 30-day change had climbed to +0.88%, with the total realized cap reaching approximately $1.068 trillion — roughly $9.36 billion in new capital over the period. On-chain analysts at CryptoQuant and Glassnode have flagged the reversal as a potentially meaningful signal, since the metric rises when coins change hands at higher prices than where they last moved.
That improvement has coincided with a wider trading range: by mid-September, Bitcoin's band had widened slightly to $76,600–$80,400. Resistance now sits between $83,000 and $86,000, a zone traders will likely treat as the next proving ground for whether the reversal holds.
Sources: crypto.news, Crypto Briefing
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