What now for Bitcoin price? September starts with abrupt BTC sell-off

[Lenipiw]

Bitcoin’s new monthly candle has been met with a fierce sell-off. Traders explain bearish and bullish scenarios for BTC.
On Sept. 1, a new Bitcoin monthly candle opened with significant optimism. The August monthly candle closed above $11,500 for the first time since the all-time high in 2017. But in the short term, traders are leaning cautious following a sudden sell-off in the cryptocurrency market.

In the last 24 hours, the price of Bitcoin (BTC) declined by more than 6%, while Ether (ETH) price dropped by 10%. The sentiment around the short-term trend in the cryptocurrency market remains mixed after the rejection.
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