Bitcoin has recovered most of Tuesday’s decline after briefly falling below $78,000.
The asset touched approximately $77,666 before returning to the high-$78,000 and low-$79,000 area during Asian trading on Wednesday. The move left Bitcoin nearly flat over 24 hours and modestly higher for the week.
The recovery is occurring while markets remain focused on the Federal Reserve. Traders are pricing roughly a 60% chance of a quarter-point rate increase at the September 15–16 meeting, with elevated bond yields and higher oil prices reinforcing the hawkish view.
Bitcoin remains trapped inside a range running approximately from $77,200 to $82,100.
CoinDesk reports that on-chain profitability has increased to more than 71% of supply, meaning a larger share of holders could sell into future rallies than during the earlier May comparison.
That creates a market where real demand exists, but so does a deep supply overhang.
TOKEN RECON ASSESSMENT
Bitcoin is showing resilience, but not yet control.
The immediate question is whether buyers can reclaim $80,000 before the inflation reports arrive.
Watch the lower-$77,000s for support and $82,100 for breakout confirmation.
