Bitcoin’s September Slump: Could it Dip Towards $100,000?

Recent data suggests that Bitcoin, the world’s largest cryptocurrency, often experiences significant price fluctuations in the first week of September. This month has historically seen a weakening trend for Bitcoin. Analysts anticipate a challenging performance throughout September, with the first week playing a crucial role in setting the overall direction. 2017 and 2021 saw notable drops of over 7% within this timeframe. Could history repeat itself? Some analysts suggest that if a similar scenario unfolds this year, Bitcoin’s price could plummet towards $100,000 by September’s end.