**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!
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