Sub $50K Bitcoin correction remains in play as whales look to sell BTC
Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut, but will it fall below $50,000 this weekend?
A Bitcoin correction below the $50,000 psychological mark could occur as soon as this weekend, threatening to create more downward pressure in September, which is a historically bearish month.
The Bitcoin (BTC) price could see more downside pressure this weekend as whales (entities holding large amounts of BTC) look to lock in profits.
One savvy whale address sold 100 BTC, worth over $5.3 million, to lock in over $206,000 in profit.
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Author: Zoltan Vardai
