Bitcoin nears historic double top pattern, triggering bearish expectations for September

Analysts anticipate a significant correction in the crypto market heading into September as Bitcoin nears completion of a double top pattern. This historical trend suggests that prices could fall below $100,000, potentially to the $98,000-$99,000 range. 📉 The recent price surge for Bitcoin, which broke through the previous ATH at $124,457 on August 14th, has quickly been followed by a significant downturn. BTC is currently trading in the $112,000 range, showcasing a notable decline from the peak of $113,000 previously observed. The downturn is reflected across other cryptocurrencies as well; ETH fell from $4,700 to $4,200. 📉 📚 🔍 The anticipated correction aligns with historical patterns, with September historically being a period of bearishness for the crypto market. This sentiment is amplified by the observation of previous cycles, where price declines usually occur in Q1, and subsequent rebounding occurs in October and November. 📈 Despite the anticipation of a bearish trend, many analysts believe that the upcoming months will be favorable for the cryptocurrency market. #Bitcoinseasonality #BTC has shown potential for double top pattern on daily charts, which could indicate a significant drop to $99,000 range with possible liquidity grab below at $98,000. 📈 🚨 Experts believe that as the bearish trend unfolds and the double top pattern is confirmed, prices may decline substantially. This prediction aligns with historical trends, indicating a potential correction similar to that observed in Q1 of 2025.