Bitcoin is at risk of plunging below 100,000 USD in September?

After establishing a new historical peak above 24,000 USD, the price of Bitcoin has been unable to maintain its growth momentum and quickly reversed to adjust. The famous crypto analyst Doctor Profit has made an attention-grabbing forecast: Bitcoin is likely to drop below 100,000 USD in the upcoming September. If this scenario occurs, it could mark the next strong correction phase of BTC and the crypto market. September: Bitcoin's "Black Month"? In a post on X (Twitter), Doctor Profit stated that the current decline of Bitcoin is not over yet. After a relatively positive start in August, the market quickly lost momentum, and according to him, the downward trend will continue into September. More importantly, analysts predict that Bitcoin will break the important psychological level of 100,000 USD. If the price actually slips below this level, it will be the first time since June that BTC loses the support level considered solid after two consecutive months of trading above. However, Doctor Profit remains optimistic, believing that this is just a short-term correction within the framework of the bullish cycle. After this decline is complete, the market is likely to continue a stronger bull market cycle. Historical Data Supporting Price Decline Forecast Not only based on technical analysis, Doctor Profit's forecasts are also supported by historical data. According to data from CryptoRank, in 9 out of the last 14 years, Bitcoin has ended the month of September in the red. Average profit for September: -5.58%Median profit: -4.43% This makes September the worst month of the year for Bitcoin investors, as most have to face a decline in value. Meaning for Investors If the scenario of BTC price dropping below 100,000 USD occurs: Short-term investors: may face strong selling pressure, and market sentiment becomes pessimistic. Long-term investors: can still see this as an opportunity to accumulate more BTC at low price levels, if they believe in the next bullish cycle. Overall market: the possibility of triggering a correction in many altcoins, especially those with medium and small market capitalization. Conclusion History has shown that September often brings negative results for Bitcoin, and Doctor Profit's forecast once again reinforces this bearish scenario. However, the prospect of a decline is seen only as a part of the necessary adjustment phase of the growth cycle. If Bitcoin truly falls below 100,000 USD, it could be a short-term "bear trap" before the market enters a new growth phase.