Bitcoin price is holding steady near $79,000, supported by substantial inflows into exchange-traded funds, while market participants monitor the crucial $80,000 resistance level.

At the time of writing, Bitcoin is trading at $78,788.45, down 1.93% from its price a day earlier. The decline has dampened short-term momentum, but BTC continues to trade above its main moving averages.

Bitcoin Remains Above Key EMAs

TradingView’s daily chart shows Bitcoin trading above its 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs). Specifically, the 20-day EMA stands at $76,715.73, the 50-day EMA at $72,047.78, the 100-day EMA at $70,254.03, and the 200-day EMA at $72,739.62.

This indicates that buyers are still protecting the uptrend. Near-term resistance sits at $80,000, and a break above that level could bring the recent $82,500 area into focus.

What Does Bitcoin's RSI Suggest?

Bitcoin’s 14-day relative strength index (RSI) is at 61.50, below overbought territory. The RSI is trading lower than its recent highs, pointing to a reduction in bullish momentum during the ongoing consolidation phase.

At the same time, an RSI reading above 50 indicates positive momentum. Combined with prices trading above the key EMAs, this supports the bullish case despite short-term weakness.

ETF Inflows and Bitcoin Price

US spot Bitcoin ETFs, first approved by regulators in January 2024, have become a significant channel for institutional and retail exposure to Bitcoin, which is why their daily flow data is closely tracked as a proxy for demand.

According to Lookonchain, Bitcoin exchange-traded funds recorded net inflows of 2,038 BTC in a single day, equivalent to roughly $161.83 million. Over seven days, net inflows totaled 11,093 BTC, or approximately $880.76 million.

Lookonchain highlighted the flow data as “1D NetFlow: +2,038 $BTC (+$161.83M)” and “7D NetFlow: +11,093 $BTC (+$880.76M).”

These figures present a strong demand signal while Bitcoin trades under $80,000. Continued ETF inflows could help absorb selling pressure near resistance levels.

Sept 7 Update: #Bitcoin ETFs: 1D NetFlow: +2,038 bitcoin:native(+$161.83M)🟢 7D NetFlow: +11,093 bitcoin:native(+$880.76M)🟢 #Ethereum ETFs: 1D NetFlow: +22,023 $ETH (+$55.04M)🟢 7D NetFlow: +64,879 $ETH (+$162.16M)🟢 pic.twitter.com/q1EOxOxZe4 — Lookonchain (@lookonchain) September 7, 2026 (x.com/lookonchain/status/2096962205505999044)

What Does Bitcoin Open Interest Show?

CoinGlass data shows Bitcoin open interest at roughly $53 billion, with trading volume recording several elevated spikes in recent weeks. This suggests strong derivatives positioning in the market.

For bulls, the key confirmation level is $80,000. The first support lies close to the 20-day EMA at $76,715, while a stronger breakdown would risk a retest of the $72,739 area.

SoSoValue Data on Bitcoin Spot ETF Flows

According to SoSoValue, Bitcoin spot ETF flows amounted to $174.60 million on September 4, with total net assets standing at $101.25 billion. Cumulative net flows reached $55.62 billion, underscoring continued strong demand for Bitcoin spot ETFs.

The SoSoValue figures add context to the latest ETF data from Lookonchain. Although the two datasets cover different dates, both reflect sustained demand for Bitcoin ETFs while the cryptocurrency trades below the major $80,000 resistance.

What Traders Should Watch Next

Bitcoin’s technical setup remains positive, with $80,000 as the main resistance and $76,715 as immediate support. The substantial ETF inflows reported by Lookonchain and SoSoValue provide additional support for Bitcoin.

A move above $80,000 could strengthen the bullish setup, while trading below the 20-day EMA could add selling pressure to BTC.

This article contains market analysis and price predictions, which are not guarantees. Crypto markets are volatile. Always do your own research. This is not financial advice.