After reaching an all-time high in August, Bitcoin experienced a sharp decline below $110,000 due to economic data and increased selling pressure. This drop has fueled investor anxiety, prompting speculation about further price drops, with some analysts predicting the market could fall below $100,000. K33 Research analyst Vetle Lunde highlighted potential downside risks, suggesting a potential price decline below $100,000 in September, citing tariff pressure and US economic data as key factors. However, Lunde believes this downturn presents an opportunity to buy Bitcoin at attractive entry points near $101,000 and $94,000. He noted that September historically has been the most volatile month for Bitcoin, with a negative average return of -4.6% since 2011. This downward trend is attributed to factors like US tariffs, economic stagnation indicators, and seasonal patterns. Despite the short-term bearish sentiment, Lunde emphasizes Bitcoin’s long-term upward trajectory. He anticipates re-entering the market following September with a strong buy signal at these support levels. This is not investment advice. Continue Reading