Bitcoin price faces $75,500 test below 50-week EMA

Bitcoin price fell below $77,000 as traders reduced risk before a key U.S. Senate vote on the CLARITY Act, while technical charts showed weakening short-term momentum. Summary Bitcoin price traded near $77,000 after falling as low as $76,704 on Binance. The 4-hour RSI dropped to 44.20, putting momentum below the neutral level. Liquidation clusters were concentrated near $76,000, $78,400, and $80,000. Analysts identified $75,500–$76,000 as the main short-term support area. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) price traded at about $77,059 at the time of writing, down 1.45% on the daily candle. The cryptocurrency opened at $78,189, reached an intraday high of $78,250, and dropped to $76,704 before recovering slightly. The decline followed another failed attempt to hold the $79,000 area. Bitcoin has recorded lower highs since reaching roughly $82,000 in early September, while buyers have repeatedly defended the region between $76,500 and $77,000. Bitcoin also fell below the middle line of its 4-hour Bollinger Bands, which stood at $77,474. The move left BTC closer to the lower band at $76,359 than the upper band at $78,589, showing that sellers retained control of the short-term range. Bitcoin price 4-hour chart — Sep. 15 | Source: crypto.newsThe 4-hour relative strength index stood at 44.20, below its signal line at 48.76. Although the indicator had not reached oversold territory, its position below 50 showed that bullish momentum had weakened. You might also like: Strategy has stopped buying bitcoin and stopped selling stock CLARITY Act vote adds to market pressure Uncertainty surrounding the Digital Asset Market Clarity Act contributed to the cautious trading conditions. The U.S. Senate was preparing for a cloture vote that would require 60 votes to open debate on the market-structure bill. Traders had previously responded positively to reports of a revised draft. Doubts about whether the legislation could reach the required threshold later reduced that optimism. The bill remains important for U.S. investors because it seeks to clarify how federal agencies oversee digital assets. Failure to advance the measure could delay broader market-structure legislation and leave parts of the U.S. crypto industry operating under the existing regulatory framework. Macro conditions also remained a risk for Bitcoin. Hotter August inflation data and rising oil prices are factors behind stronger expectations for restrictive Federal Reserve policy. Higher interest rates can weigh on cryptocurrencies by increasing the returns available from Treasury securities and other yield-bearing assets. The next Fed decision could therefore affect whether Bitcoin holds its current support or extends the decline. Bitcoin liquidity builds around $76K and $78.4K CoinGlass’ 24-hour liquidation heatmap showed Bitcoin falling steadily from nearly $79,400 before stabilizing around $76,600. Bitcoin liquidation heatmap | Source: CoinGlassOne of the strongest liquidity concentrations below the market appeared near $76,000.