Sep 1, 2025
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Bitcoin Price Retraces Over 10% and May Fall Below $93,000
Bitcoin has retraced over 10% from last month's all-time high, falling below $110,000. This bearish trend is driven by profit-taking among investors, and analysts suggest the decline may continue.
Key Points on Potential Price Movement
- Current support level at $108,000 may not hold due to strong selling pressure.
- Analyst MMBTtrader predicts a drop to $93,000 as the next major support level.
- A further decline could occur, with projections as low as $70,000.
- Market dynamics indicate a need for consolidation before any potential recovery.
- Bulls must reclaim the trendline above $117,000 for a significant price rebound.
- A bounce from current levels could lead to a 30% increase, surpassing $137,000.
- Overall, the likelihood of continued downward movement is emphasized by the analyst.
