Bitcoin is trading near $79,200 on Monday, September 7, down 0.8% over the past 24 hours, after briefly clearing $82,000 last week. Over the past day the asset moved between $78,707 and $80,494, with trading volume up nearly 30% to around $24.4 billion, according to CoinGecko.

Sellers have repeatedly stepped in near $80,500, keeping Bitcoin locked inside a wider range of $77,200 to $82,100 identified by Bitfinex analysts. Jeff Ko, chief analyst at CoinEx, told crypto.news he expects the range to stay tight ahead of the Federal Reserve's next move. "I expect compression into a tight range, capped around $82,000 with support at $78,000–$79,000, and a directional resolution once the Fed is out of the way," Ko said.

The hesitancy reflects Bitcoin's growing sensitivity to US monetary policy in recent years. As a risk asset with no cash flows, Bitcoin has tended to come under pressure when higher rates push up Treasury yields and the dollar, since tighter financial conditions reduce appetite for speculative holdings — a dynamic that has repeatedly tied crypto price action to macro data releases since the Fed's tightening cycle began.

ETF Inflows Offer Some Support

US-listed spot Bitcoin ETFs pulled in $987 million last week, marking three straight weeks of positive flows and bringing the total to roughly $3.8 billion. Since their US launch in January 2024, spot Bitcoin ETFs have become one of the main channels for institutional exposure to the asset, making their weekly flows a widely watched gauge of larger-investor demand. Ko cautioned against reading too much into the figure, saying he wants to see more weeks of inflows, especially during flat or sideways price action, before calling it a genuine accumulation phase.

A $1.1B Week That Came Almost Entirely From One Session For Aug. 31-Sep. 4: 🟠 BTC ETFs: +$968.9M 🔵 ETH ETFs: +$130.3M Combined inflows reached $1.10B, down 32.8% from the prior week. Sep. 3 alone brought in $863.2M, or 78.5% of the weekly total, making it the largest combined… pic.twitter.com/KDYrKXkfBl — CoinMarketCap (@CoinMarketCap) September 7, 2026

Bitcoin gained 25% in August, meaning some recent ETF buying may have been momentum-driven rather than long-term positioning. During the first half of 2026, spot Bitcoin ETFs saw $5.29 billion in net outflows as BTC fell from around $94,000 to $63,000.

Analyst Daan Crypto Trades noted on X that Bitcoin posted a solid weekly close above key breakout levels from three weeks ago. He pointed to the May high at $83,000 as the next level to watch, saying that clearing it would confirm a weekly market structure break. He also noted the Bull Market Support band is starting to move back up.

$BTC Another solid weekly close well above the big levels price broke out from 3 weeks ago. The only level still standing is that May high at $83K which would confirm a weekly market structure break too. That is the level people are watching. Below, we see the Bull Market… pic.twitter.com/pRpBm48w1F — Daan Crypto Trades (@DaanCrypto) September 7, 2026

Fed Decision and CPI in Focus

Friday's US jobs report showed 162,000 nonfarm payrolls added in August, well above the 55,000 expected, with the unemployment rate holding at 4.1%. That data pushed the implied probability of a 25 basis point Fed rate hike on September 16 to around 60%, per CME FedWatch, which aggregates futures-market pricing to estimate the odds of each policy outcome.

Treasury yields rose alongside the dollar following the jobs data. The two-year yield moved above 4.34%, and the 10-year sits near 4.8%. LMAX Group strategist Joel Kruger said Bitcoin has absorbed these headwinds without major technical damage, describing the market's resilience as standout.

Big Week Ahead For Crypto Holders 🚨 ▫️ 8th September: US market opens after US-Iran escalation, Fed's closed board meeting ▫️ 9th September: Treasury's $12,500,000,000 debt buyback ▫️ 10th September: US PPI and Core PPI data ▫️ 11th September: US CPI and Core CPI data This… — Ted (@TedPillows) September 7, 2026

Producer price data is due September 10, followed by CPI on September 11. Headline CPI is expected to hold at 3.4% year over year, with core CPI seen at 2.4%. Ko said a hot inflation print that drives yields and the dollar sharply higher would be "the cleanest test of Bitcoin's resilience." The FOMC decision follows on September 16.