Bitcoin whales have been selling off large amounts of BTC, raising concerns among market participants. There has also been a decline in open interest in the market, causing traders to exercise caution. In a potential bullish scenario, breaking resistance at $37,033.37 could lead to a challenge of the upper resistance at $38,082.91 and potentially reach the year-end target of $40,000. Crypto analyst Rekt Capital provides guidance for investors navigating these market movements. The article also mentions Salim, a news writer at CryptosHeadlines who specializes in cryptocurrency and blockchain industry news.
AI Sentiment: Negative