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👻 Ghost Month & Bitcoin: Will $BTC Drop to $100K?
📉 After hitting $124K, Bitcoin slipped below $117K with a bearish engulfing pattern — a possible sign of reversal.
🔑 Key Points:
🇺🇸 US Demand Rising → Coinbase Premium at monthly high.
🇰🇷 Korea’s Kimchi Premium back positive → investors buying.
💰 Only 16,800 BTC liquidated → way less panic vs past drops.
👻 Ghost Month Effect (Aug 23 – Sept 21):
Asian markets often turn cautious.
Historically, BTC drops avg -21.7% in Ghost Month.
Possible dip to $100K–$105K before rebound.
📅 What’s Next?
If $116K–$117K holds, BTC could bounce fast.
If not → market may test $100K zone.
Long-term: Analysts expect a Q4 rebound with strong institutional demand.
👉 Ghost Month shows how psychology + superstition can weigh on markets as much as charts.
⚠️ DYOR — Not financial advice.