Bitcoin has moved sideways in the $77,000 range after a sharp rise in August, heightening market caution over a potential steep drop. Some analysts say the chart could form a so-called “Bart Simpson” pattern, in which prices surge, trade in a tight range and then quickly return toward the starting point. Traders are focused on $75,800, which could strengthen bearish expectations if broken. Seasonal weakness in September and upcoming Fed policy decisions are also in focus.

Major cryptocurrencies including bitcoin and dogecoin rebounded together, prompting Dogecoin co-founder Billy Markus (Billy Markus) to publicly raise the possibility of a market recovery. Dogecoin was up 10 percent at $0.0771 at the time of writing after climbing from $0.069 a day earlier. Markus posted a screen showing gains in bitcoin, ethereum, solana and dogecoin, alongside the S&P 500, and wrote, “is crypto back?” and, “is the 2026 nightmare over?”