This week, Bitcoin price exhibited significant volatility, oscillating around the crucial $60,000 psychological mark. On Sunday, the BTC price surged by 1.3%, buoyed by robust demand liquidity at the 100-day EMA, which acted as dynamic support. Despite this uptick, the short-term outlook remains bearish, characterized by a falling wedge pattern on the daily chart. The persistent pressure from the overhead trendline continues to drive the asset’s downward trajectory.
![Is Bitcoin Price Heading to K? New Whales Emerge as Short-Term Holders Offload BTC Is Bitcoin Price Heading to K? New Whales Emerge as Short-Term Holders Offload BTC](https://cnews24.ru/uploads/375/37543f084f95f81a63abcf8a88bceb2685d8807c.jpg)