After hitting a new record high in August, Bitcoin (BTC) fell sharply below $110,000 due to macroeconomic data and increasing selling pressure. This decline in Bitcoin has made investors nervous, and they are wondering whether there will be a further decline. While $100,000 and below are among the predictions at this point, K33 Research stated that the decline could continue below $100,000. Speaking to The Block, K33 Research analyst Vetle Lunde said that tariff pressure and US economic data could lead to a price drop in Bitcoin in September. Lunde stated that this decline would be a buying opportunity, and that attractive entry levels for Bitcoin could emerge in the support areas around $101,000 and $94,000. On this point, Lunde noted that September was Bitcoin's weakest month historically, with new macro risks from tariffs and US data threatening a downside squeeze. “The cryptocurrency market entered a period of volatility in September due to US tariffs, slowing economic indicators and seasonal factors. Since 2011, Bitcoin's average September return has been -4.6%, making it the only month with a negative average return. Lunde argued that Bitcoin's long-term upward trend remains unchanged despite the short-term bearish expectation. At this point, the analyst added that he plans to re-enter the market after September. *This is not investment advice. Continue Reading: How Far Will the Bitcoin (BTC) Price Fall? Analyst Explains with Historical Data, Points to Two Levels!
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