Bitcoin Key Holders Turn Neutral Ahead Of Volatility Explosion

BTCUSDT price had shown an upward trend throughout the month, but this momentum faltered in the last 24 hours, with BTC falling to $117,305. This decline occurred as the price slipped below the established uptrend line, signaling a shift in market sentiment.

If investors maintain their positions during the expected volatility surge, BTCUSDT could stabilize above $117,000. This would open the door for a potential push toward $120,000, turning it into support and allowing further upside movement.

However, if investor sentiment turns bearish and selling increases in response to volatility, BTCUSDT could face a significant drop. In this case, the price may fall through the $115,000 support level, potentially reaching as low as $112,526. This would wipe out the gains seen in August, invalidating the bullish outlook.