Bitcoin’s Price May Experience Sideways Movement Before Potential Correction in September

• Bitcoin remains in an ascending channel, capped near $126K with support holding strong around the $116K–$117K zone.

• Analysts project sideways moves until September, where forecasts indicate a strong correction before momentum resumes higher.

• On-chain data shows large wallets continue accumulating Bitcoin, with healthy funding rates and no major sell-offs detected.

Bitcoin trading analysis: Expect sideways action before a potential correction in September. Stay informed and prepared.

What is Bitcoin’s Current Trading Situation?

Bitcoin is currently locked in a tight trading channel between $116K and $126K. Analysts expect this sideways movement to continue until early September, with a strong correction anticipated thereafter.

Why Are Analysts Cautious About September?

Charts indicate that Bitcoin’s price has been capped around $126K while the $116K–$117K support zone remains strong. Analysts caution that a correction could reshape market momentum as September approaches.

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