In August, Bitcoin whales offloaded 112,000 BTC, indicating a potential bearish trend for September. This selling follows a significant price surge, with Bitcoin losing 6.5% of its value from the month’s high.
Bitcoin’s support appears weak, closing below 110,000 USD for several months. Unless the Federal Reserve implements easing measures, BTC could continue to face challenges, with a bearish outlook for the upcoming month.
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