Bitcoin price dips to lowest since July 8 as liquidations pass $530M

Bitcoin bulls watch as a bullish RSI divergence fails to stem the bleed in BTC price action, which risks losing $108,000 next if the bears gain momentum.

Key points:

Bitcoin sees a fresh round of selling at the Wall Street open, taking the price toward $108,000.

Multiweek lows come thanks to whales offloading large tranches of BTC.

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