After reaching a new of all time above $ 24,000, Bitcoin is unable to keep the momentum up and it is back. In light of this, the profit of crypto analysts predicted that the Bitcoin price is actually I will fall under $ 100,000. If this prediction is accurate, it means that this is only the start of the BTC departure, with more crashes in the near future.
September will be Bearish for Bitcoin
In an X (formerly Twitter) afterThe Crypto analyst points out that the Bitcoin -Prijscrash is far from ready. This is mainly because the month of August racet to an end after the start of the month was not Bullisher. With the new month that is already swimming in sight, the analyst expects Bitcoin to break below a large psychological level.
Related lecture
Doctor profit explains that the Bitcoin -prize correction is expected to continue and will bleed in the month of September. What is more important is the prediction that Bitcoin will eventually crash below $ 100,000 in September, which suggests that the month is dominated by Bears.
If this happens, it would be the first time since June that the price was deposited below $ 100,000. So far, the cryptocurrency has spent two consecutive months above the level of $ 100,000, which suggests that this has become an important level of support for the price.
Despite this prediction, the Crypto analyst does not believe that the bull market is over. The crash is expected to be only a temporary correction under $ 100,000 Before the movement continues. After the crash, Doctor Win says that the bullmarkt will continue again.
Historical data support Beerarish Month
Doctor Profit’s prediction that the month of September will be Bitcoin and will see the price crash below $ 100,000 is supported by historical data showing that the digital actual actual act has usually done poorly for the month. Usage facts From the Cryptorank website we can see that 9 of the past 14 years have seen the Bitcoin prize the month of September in the Red in the course of the RED.
Related lecture
The month is on average the worst in terms of average return for BTC investors. It shows an average return of -5.58% in the past 14 years and a median return of -4.43%. This means that the month of September was established as a Bearish Month for Bitcoin, and if this trend applies, it is likely that the price will crash again.
Featured image of dall.e, graph of tradingview.com