- Bearish sentiment takes hold as September correction could occur.
- This may lead to a brutal BTC price drop to $90,000 and $93,000 price levels.
- Crypto market will see new ATHs after bearish red month of September.
The crypto market continues to experience falling crypto prices. Presently, the price of Bitcoin (BTC) is trading in the $113,000 price range, while the price of Ethereum (ETH) is trading at the $4,100 range. One analyst shares a bearish forecast for the coming month. Thus, bearish sentiment takes hold as September correction could see a further drop in prices, with BTC possibly falling to the $90,000 price range.
Bearish Sentiment Takes Hold
The crypto community comes together to discuss what is happening in the crypto market and what to expect next. Just about a week ago, the price of the pioneer crypto asset, Bitcoin (BTC), went on to set its latest ATH price in the $124,000 price range. Soon after this record was set, the entire crypto market saw millions in liquidations, bringing the price of BTC to $115,000 and now to the $113,000 price range.
A similar effect was seen in the price of the pioneer altcoin asset Ethereum (ETH). In detail, when BTC hit its latest ATH target, the price of ETH surged as close to its previous ATH of $4,800 set 4 years ago, as it could at $4,700. Once this price was met, analysts expected ETH price to break past $4,800 and enter the long-awaited price discovery stage. Instead, the price of ETH fell to $4,300 and now to $4,100 alongside BTC’s dip.
September Correction Could Lead to a Brutal Price Drop
Despite the brutal fall, ETH continues to outperform BTC, leading analysts to believe that the price of Ethereum and altcoins will go on to hit higher targets soon. Specifically, some believe BTC price will hit another ATH target before giving up dominance, which is where ETH and altcoin prices will finally begin to run. However, all these new ATH prices will likely only arrive after September 2025.
As we can see from the post above, the reputed silver-tongued analyst, Doctor Profit, known for his many accurate predictions this bull cycle, makes his latest prediction. While he has made many bullish predictions for BTC to move to the $130,000 to $135,000 ATH price range next, he now believes that these targets will only arrive after a bearish red month of September.
The post goes on to state how to compare the current market dump at the moment to what is expected in September. To highlight, he believes that the price of BTC will experience a brutal correction that will lead to the price of BTC falling to prices below $100,000. In fact, as we can see from his latest post above, he expects this correction to take BTC price to a low range of $90,000 to $93,000.
