Bitcoin Faces Critical Resistance as Whale Activity Signals Potential Market Downturn

Bitcoin’s price struggles near the $112,000 mark as whales sell off significant amounts of cryptocurrency. This coincides with historical trends suggesting September could bring further market instability for Bitcoin. Analysts point to the weakening support zone and the bearish momentum as factors contributing to this potential decline. Recent whale activity adds fuel to the fire, prompting concerns about a possible market downturn. 24-hour trading data shows a 2.95% decrease in price and a 3.20% drop over the past seven days.