After setting a new historical peak above 24,000 USD, Bitcoin's price could not maintain its growth momentum and quickly reversed for a correction. The famous cryptocurrency analyst Doctor Profit has made a noteworthy forecast: Bitcoin is likely to fall below 100,000 USD in the coming September. If this scenario occurs, it could mark the next phase of a strong correction for BTC and the cryptocurrency market.

September: Bitcoin's 'Black Month'?

In a post on X (Twitter), Doctor Profit stated that the current decline of Bitcoin is not yet over. After a fairly positive start in August, the market quickly lost momentum, and according to him, the downtrend will continue into September.

More importantly, the analyst predicts 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 a support level considered solid after two consecutive months of trading above it.

However, Doctor Profit remains optimistic, believing this is just a short-term correction within the overall bullish cycle. After completing this decline, the market may continue a stronger bull market cycle.

Historical Data Supports Price Decline Forecast

Not only based on technical analysis, Doctor Profit's forecast is also supported by historical data. According to data from CryptoRank, in 9 out of the last 14 years, Bitcoin ended September in the red.

  • Average return in September: -5.58%

  • Median return: -4.43%

This makes September the worst month of the year for Bitcoin investors, as most face a decline in value.

Implications for Investors

If the scenario of BTC price falling below 100,000 USD occurs:

  • Short-term investors: may face strong selling pressure, market sentiment turns pessimistic.

  • Long-term investors: may still view this as an opportunity to accumulate more BTC at lower prices, if they believe in the next bullish cycle.

  • Overall market: likely to trigger corrections in many altcoins, especially those with medium and small market caps.

Conclusion

History has shown that September often yields negative results for Bitcoin, and Doctor Profit's forecast reinforces this bearish scenario once again. However, the prospect of a decline is seen merely as part of the necessary adjustment in 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.