Analyst Warns Bitcoin Could Dip Below $100,000 This September

Crypto analysts have sparked concern over Bitcoin’s potential for a significant price drop this September. Ted Pillows, a prominent crypto investor and commentator, suggests that Bitcoin could slide below the $100,000 mark based on historical patterns observed during past market corrections. 2024 saw similar dips that preceded a major downturn in BTC. While Pillows acknowledges uncertainty about repeating the exact pattern, he sees it as a potential indication of further price declines. Another analyst, DarkFost, has pointed out Bitcoin’s recent correction, noting it aligns with historical trends where pullbacks have averaged between -20% and -25%. However, this latest decline could be interpreted as healthy for the market as a whole, suggesting a reset of leverage in derivatives markets. These analysts see such retracements as opportunities for long-term investors, marking an overall bullish trend.