Bitcoin has been going through a recent phase of volatility. After reaching highs of over USD 124,000 on August 14, it has fallen between 11% and 13%. The decline accelerated after a large investor (“whale”) sold 24,000 BTC, causing a sharp correction and several forced liquidations. Despite the initial momentum following Jerome Powell's speech in Jackson Hole, which had raised expectations of rate cuts, the price failed to sustain the recovery. Analysts are now pointing to support zones around USD 107,000 and USD 100,000, with resistances in the range of USD 117,000–123,000.