September has brought new selling pressure, causing Bitcoin's price to drop below the $60,000 consolidation mark. It is currently trading within a descending parallel channel, which has led to bearish market sentiments.
However, despite this downward trend, there remains potential for Bitcoin to achieve a new all-time high (ATH) if bullish efforts succeed in pushing the price past critical levels. Inflows into ETFs have been significant, indicating continued investor interest.
