Red September? Bitcoin at Risk of Falling to 100,000 USD After a 6% Drop This Month

The cryptocurrency market has just experienced a shock as Bitcoin – the coin with the largest market capitalization – has lost a series of key support zones, signaling that the bearish trend is prevailing and opening up the risk of a deep fall towards the 100,000 USD mark. Gloomy August: ETFs Withdraw Strongly, Bitcoin Loses 6.5% According to data from SoSoValue, in the past month of August, Bitcoin ETFs traded in the US recorded a net outflow of up to 751 million USD. This selling pressure caused Bitcoin to fall by 6.5%, officially ending a 4-month streak of consecutive growth. The weakness comes not only from the withdrawal of funds but is also clearly reflected in the price chart. BTC has fallen below many important technical support levels such as: Ichimoku cloud. 50-day moving average (50 SMA) and 100-day (100 SMA). The horizontal price zones have been considered strong support: the May high at 111,965 USD and the December high at 109,364 USD.

Bad Technical Signal: GMMA and MACD Confirm Bearish Trend All technical indicators show a shift to a negative state: Guppy Multiple Moving Average (GMMA): The short-term EMA zone (green) has crossed below the long-term EMA zone (red), a clear signal of a bearish trend. MACD histogram weekly frame: Has fallen below the 0 mark, confirming that the previous upward momentum has ended and the market has entered a bearish phase. These signals reinforce the likelihood that Bitcoin will continue to be sold off, with the next support zones targeted by analysts: 105.240 USD: Fibonacci level 38.2% of the uptrend from April to August. 101.366 USD: 200-day moving average (200 SMA). 100.000 USD: important psychological threshold and also a strong support zone. Seasonal Factors: September is Usually a Bearish Month Notably, the negative technical picture coincides with seasonal factors. Data from Coinglass shows that September is the "unlucky" month for Bitcoin. Since 2013, BTC has experienced 8 out of 12 price declines in September, with an average return of -3.49%. Hope for the Bulls: Break Above 113,510 USD Although the main trend is leaning towards bearish, the bulls still have a chance to turn the tide if the price of Bitcoin breaks above 113,510 USD – the lowest peak set on August 28. If successful, this could negate the current bleak picture and open the way for a recovery.

Key Levels to Watch: Support: 105.240 USD – 101.366 USD – 100.000 USD. Resistance: 110.756 USD ( lower boundary of Ichimoku cloud ), 113.510 USD ( lower peak ), 115.938 USD ( 50 SMA ). 👉 Overall, after a strong growth phase since the beginning of the year, the Bitcoin market is entering a sensitive correction zone. If macro factors and ETF capital flows continue to be unfavorable, the possibility of testing the 100,000 USD mark is entirely possible this September.