What is happening with Bitcoin right now?
Many are currently watching the Bitcoin market and wondering: where will the price go? This week, there were significant outflows from the Bitcoin ETF, which is concerning. If the U.S. Federal Reserve (Fed) shows a cautious stance on September 18, the price of Bitcoin could drop to $112,000 or even $110,000. There is a lot of liquidity there, and if this level is breached, the decline could accelerate all the way down to $100,000.
If the price falls below $105,000, the next major support is around $92,000–$94,000. Many experts believe that such a drop would be a healthy correction that would remove "weak" players from the market. After that, a new rise is possible, and the price could reach $150,000 and higher as soon as October.
However, at the moment, a likely scenario seems to be consolidation in the range of $115,000–$120,000, with a high chance of a breakout upward, but it looks like manipulation, so remain vigilant.
In general, keep an eye on news from the Fed and how open interest for shorts changes. But remember, this is not financial advice — always conduct your own research and don’t forget to set stop-losses to protect your investments. #manipulacion $BTC
