🚀 Bitcoin at a Crossroads: Will It Hold the Line? 🚀

- Bitcoin (BTC) is at a "make-or-break moment," says ARK Invest.

- Key price levels to watch: $52,000 and $46,000.

- BTC ended August down nearly 9%, causing some worry among bulls.

- BTC/USD no longer respects classic bull market supports, like the 200-day moving average.

- Institutional investors and US spot Bitcoin ETF holders are facing unrealized losses.

- Despite the gloom, historical norms and low short-term holder liquidations offer some optimism.

- BTC's MVRV Z-score remains in "bull market territory," closing August at 1.6.

Hold tight, Bitcoiners! 🌐