Bitcoin rose to $111,300 yesterday, but experts warn we may be entering a cooling period. Here’s what’s happening:

Key Indicators Show Caution⚠️

  1. On-chain activity decreases - Transfer volume down 13% (from $26.7 billion to $23.2 billion)

  2. Long-term holders taking profits - Second highest realized gains compared to previous cycles

  3. Institutional outflows continue - Putting pressure on prices

    Price Analysis 📊

    • Currently trading around $111,300 (up 2.52% from Monday's low)

    • Still down more than 10% from the August 14 high of $124,128

    • The latest 4-hour chart shows consolidation between $109,400-$112,385

    Expert Predictions 🔮

    • Potential cooling phase throughout September (historically a negative month, with an average return of -3.77%)

    • Price target of $107,000 based on flow model

    • Some analysts suggest the $100,000 level could be tested

    Trading Strategy Tips 💡

    • Consider waiting before opening new long positions

    • Long positions may only make sense above resistance of $118,000

    • Watch for ongoing institutional flows as a key indicator.

$BTC #BTC #BTC☀ #TrendingTopic #Write2Earn