Bitcoin Alert: Could Prices Really Dip Below $100K This September?
Bitcoin's bull run faces its first major test as September looms—will the king crypto hold its ground or stumble below the psychological $100K barrier?
Market Jitters or Healthy Correction?
Traders are watching key support levels like hawks. A drop under $100K isn't just a number—it's a sentiment shift that could trigger cascading liquidations. Yet some argue this is just the market catching its breath after an explosive rally.
The Institutional Wildcard
Wall Street's recent embrace could either cushion the fall or amplify the panic. Nothing gets traditional finance sweating like volatility—except maybe missing out on the next pump.
September's historical rep as a brutal month for crypto isn't helping. But this isn't 2018 anymore. The ecosystem's matured—even if some fund managers still think 'HODL' is a typo.
Whether this dip becomes a blip or a breakdown hinges on one thing: do believers see sub-$100K as a disaster or a discount?
The crypto market opened the week on shaky ground, with Bitcoin (BTC) struggling to defend the $107,000 support zone. One analyst has warned that a bearish divergence that has been forming for weeks continues to pressure the price.
Daily Chart: The Golden Pocket at $107K
For now, Bitcoin’s saving grace is the $107K–$108K golden pocket. Buyers have been stepping in to defend this zone, keeping the market from breaking down further.
If BTC loses this support on a daily close, the picture changes quickly. A breakdown WOULD likely flip this zone into resistance, leaving $103.5K as the next short-term cushion. If selling accelerates, next targets are between $101K and $98K.
On the other hand, if Bitcoin manages to bounce, the road higher will not be easy. $109K–$110K is the first hurdle, followed by $112K, $114.5K, and $117K. Unless BTC clears those levels, every bounce risks being just another lower high in a weakening trend.
Liquidity Data Hints at Risk
Liquidation data adds another LAYER of concern. While there are liquidity pockets around $107K and $119K, the largest cluster sits far below current levels at $91K–$92K.
This does not guarantee that bitcoin will crash that far, but in stressed markets, price tends to hunt liquidity. If bearish pressure builds, one cannot rule out a deeper correction.
Altcoins Finding Room to Breathe
There is one silver lining. Bitcoin’s weakness has given altcoins a chance to shine.
The Bitcoin dominance chart shows a continued pullback, meaning altcoins like ethereum (ETH) and XRP are holding ground better than BTC. Ethereum remains locked in a sideways range, while XRP is clinging to a supportive trendline that has so far kept bears in check.
As long as Bitcoin dominance keeps sliding, altcoins could outperform on a relative basis even if the broader market remains sluggish.
