Analyst Predicts Bitcoin Plunge Below $100,000 - Here’s the Shocking Timeline
Bitcoin's bull run faces a brutal reality check as top analysts project a devastating drop below the six-figure threshold.
Market Meltdown Ahead
While crypto enthusiasts chase new all-time highs, cold-eyed number crunchers spot trouble brewing on the charts. The same indicators that flashed before previous crashes are screaming again—only this time, the stakes dwarf everything we've seen before.
Timing the Tumble
Patterns don't lie, and right now they're painting a bloody picture for Q4. Institutional whales have started quietly offloading positions, liquidity's thinning faster than a trader's hairline during leverage season, and regulatory uncertainty hangs heavier than a bagholder's portfolio.
Finance's Favorite Circus
Wall Street's latest 'digital gold' narrative looks shakier than a shitcoin project's fundamentals. When the music stops—and it always does—the same suits who pushed BTC ETFs will be shorting it on the way down. Some things never change in this beautifully cynical game.
September Will Be Bearish For Bitcoin
In an X (formerly Twitter) post, the crypto analyst points out that the bitcoin price crash is far from done. This is especially as the month of August is racing toward an end after the start of the month had been more bullish than not. With the new month already swimming into view, the analyst expects Bitcoin to break below a major psychological level.
Doctor Profit explains that the Bitcoin price correction is expected to continue and will bleed into the month of September. What’s more important is the prediction that Bitcoin will eventually crash below $100,000 in September, suggesting that the month will be dominated by bears.
If this happens, it would be the first time since June that the price has crashed below $100,000. So far, the cryptocurrency has spent two consecutive months above the $100,000 level, suggesting that this has become a major support level for the price.
Despite this prediction, the crypto analyst does not believe that the bull market is over. If anything, the crash below $100,000 is expected to only be a temporary correction before the move continues. After the crash, Doctor Profit says the bull market will then continue again.
Historical Data Supports Bearish Month
Doctor Profit’s prediction that the month of September will be bearish for bitcoin and see the price crash below $100,000 is supported by historical data showing that the digital asset has usually performed poorly for the month. Using data from the CryptoRank website, we can see that 9 out of the last 14 years have seen the Bitcoin price close out the month of September in the red.
The month is, on average, the worst in terms of average returns for BTC investors. It shows an average return of -5.58% over the last 14 years, and a median return of -4.43%. This means that the month of September is established as a bearish month for Bitcoin, and if this trend holds, then it is likely that the price will crash again.