**Bitcoin Price Dips Amid Whale Activity: Key September for $BTC ?**

Bitcoin has struggled to stay above $60,000, recently falling about 8.86% to around $59,000 due to significant selling by ARK Invest and market uncertainty.

**Resistance and Technical Indicators:**

- **Resistance Level:** Bitcoin has failed to breach the $62,000 resistance multiple times, forming a symmetric triangle pattern.

- **Indicators:** The RSI remains flat below neutral, and the MACD shows bearish signals, suggesting potential further declines.

**Bitcoin ETF Report:**

- **Inflows and Outflows:** August saw mixed results for Bitcoin ETFs, with $1.11 billion inflows on positive days but $1.21 billion outflows on negative days, resulting in a net outflow of $94.3 million.

**September Outlook:**

- **Bullish Scenario:** BTC could rise to $65,000 if it breaks above $62,000 and heads towards $66,725.

- **Bearish Scenario:** If bearish trends continue, BTC might fall to $55,000.

Stay tuned as Bitcoin navigates this crucial month!

#Bitcoin❗ #BlackRockETHOptions #SahmRule #LowestCPI2021 #BinanceBlockchainWeek