Bitcoin price prediction for September 12 stays bullish above $76,500, the demand zone BTC needs to hold to keep this week’s bounce alive.
BTC trades near $77,165.70, up 0.82% today, testing the $76,500 zone that’s held as support since the current range began in July. Price sits just below the 20-day EMA at $76,997.34 and above the Supertrend’s bullish flip level at $72,754.26, both still favoring the bounce off the range low near $60,000.
From a wider range, BTC fell from roughly $95,000 in January to $57,500 by July, then rallied sharply in late August back above $80,000 before pulling back into today’s test of support. The 100-day EMA at $70,787.80 and 200-day at $72,896.73 sit well below current price, giving this rally room to breathe before any deeper trend question comes into play.
| Type | Price |
| Resistance | $77,168 |
| Resistance | $80,000 |
| Resistance | $82,500 |
| Support | $76,500 |
| Support | $72,896 |
| Support | $70,788 |
- Headline PPI rose to 5.4%, above the 5.3% forecast
- Core PPI climbed to 4.6%, the highest since June 2026
- July’s PPI figures were also revised higher
That combination pushed rate-hike odds up further, since price pressures aren’t cooling the way markets had hoped.
Meanwhile, bond markets reacted the same day. The US 10-year yield broke above 4.90% for the first time since November 2023, up 95 basis points since the Iran War began and another 10 basis points since the Treasury announced it was tripling long-term bond buybacks to $6 billion.
Kobeissi called this a bond market fighting the Treasury’s own efforts to hold yields down, and expects 5.00%+ within the next week. Two effects are already showing up: the housing market has frozen under higher borrowing costs, and homebuyers are walking away from deals at the highest rate since 2023.
That level lines up closely with today’s low of $76,509 on the daily chart, giving the call a specific, checkable price point rather than a vague zone.
US spot Bitcoin ETFs posted a $282.56 million net outflow on September 10. That’s third negative sessions in a row:
- Sep 10: -$282.56M
- Sep 9: -$120.24M
- Sep 8: -$46.65M
The current week runs through September 11, and Friday hasn’t been reported yet, but through Thursday it already shows a $449.44 million net outflow, a sharp reversal from the three positive weeks before it, $1.92 billion for the week of August 21, $924.48M for the week of August 28, and $986.85 million for the week of September 4. Whether this becomes the first net negative week since that August 21 run comes down to how Friday closes.
BTC holds $76,500 and reclaims the 20-day EMA at $76,997. A close back above $80,000 would put the recent range high near $82,500 back in view, provided ETF outflows don’t extend into a full negative week.
BTC loses $76,500 as rising yields and hot inflation data weigh further on risk assets. A break below that support exposes the 200-day EMA at $72,896, with $70,788 as the next level down.
BTC could extend toward $80,000 and then $82,500 if it holds $76,500 and reclaims the 20-day EMA at $76,997. Losing $76,500 risks a slide toward the 200-day EMA at $72,896.
August PPI inflation came in hotter than expected at 5.4%, and the 10-year Treasury yield rose above 4.90% for the first time since November 2023, both pressuring risk assets, according to The Kobeissi Letter.
Not currently. US spot Bitcoin ETFs have posted three straight daily outflows through September 10, and the week is tracking toward a net outflow after three consecutive positive weeks.
Crypto analyst pointed to $76,500 as the demand zone that’s held since BTC’s current consolidation began, with a rebound likely if it holds again.
