Bitcoin is Weakening-Here What to Expect from the BTC Price Rally Ahead of the Month End

Bitcoin's price, after a short rise, is nearing a drop below $96,000, which could lead to further declines. Trader sentiment is fearful or neutral, indicating uncertainty about future price movements. While Bitcoin's market dominance remains high, other cryptocurrencies are performing relatively well, raising concerns about Bitcoin's next move. Bitcoin tried to break above $100,000 but faced strong selling pressure, suggesting a potential extended downward trend. Outflows from spot ETFs totaled almost $500 million in the last three days, supporting the bearish outlook. Large traders are building up both long and short positions, creating liquidity that could be targeted by even larger traders ("whales"), potentially impacting smaller retail traders. Technical indicators like RSI and CMF are pointing downwards, suggesting weakening momentum and a possible price drop below $93,000 by the end of the month.