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Bitcoin is moving again in the range of 78,000 US dollars after failing to hold above the psychological level of 80,000 US dollars. The next direction is considered to be determined by the flow of ETF funds and the monetary policy of the United States.
Bitcoin previously rose about 26 percent from $62,700 to touch $81,235. However, the largest crypto asset then corrected and moved back below $80,000.
FLOQ CEO and Founder Yudhono Rawis assessed that the correction had not changed the overall outlook for Bitcoin. However, the market must now prove whether investor demand is still strong enough to support prices.
“The Bitcoin rally throughout August shows that investor interest in crypto assets is still very strong. However, after failing to hold above $80,000, the market is now entering a proving phase,” said Yudhono as quoted by Antara, Sunday, September 6.
According to Yudhono, the demand in the spot market and the flow of institutional investor funds are important indicators after the rally.
Bitcoin and Ethereum ETFs in the US recorded net inflows of around 2.71 billion US dollars in the week ending August 24. Bitcoin accounted for around 1.92 billion US dollars.
However, the flow of funds has begun to weaken. Farside Investors data shows that US spot Bitcoin ETFs recorded a net outflow of around US$201.9 million on August 28 after previously recording inflows for several days.
Yudhono said the return of ETF fund flows when Bitcoin was in the range of 77,000-80,000 US dollars could be a signal that large investors still see corrections as an opportunity to enter.
In addition to ETFs, the market is paying attention to the direction of Fed policy. The speech of Fed Chairman Kevin Warsh in Jackson Hole on August 28 was seen as hawkish after he confirmed that US inflation was still above the 2 percent target.
US labor and inflation data are also a concern ahead of the Federal Open Market Committee or FOMC meeting on September 15-16, 2026.
Yudhono estimates that Bitcoin volatility will remain high throughout September as the market will be increasingly sensitive to US economic data.
“If the data shows that the economy is starting to cool down without inflation rebounding, the room for risky assets to strengthen again will open,” he said.
Conversely, persistently high inflation could extend pressure on Bitcoin by narrowing the chances of easing US monetary policy.
In the short term, the $80,000-81,000 area is an important level. If Bitcoin is able to break through and stay above this zone, the momentum of strengthening is considered to be able to be formed again.
However, if it fails to reclaim the $80,000, Bitcoin could potentially continue to consolidate while waiting for the next catalyst.
“The question is not just whether Bitcoin can return to 80,000 US dollars. More importantly, whether 80,000 US dollars can later change from resistance to support,” said Yudhono.
In trading, resistance is a price area that tends to hold back the rise, while support is an area that tends to hold back the decline.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language.
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Source: voi.id