Bitcoin Faces September\’s \’Curse\’ with Bears Eyeing $90K–$95K Range, Expert Cautions

On September 26, Bitcoin’s value fell below $110,000 amidst a wave of negative sentiment and ETF withdrawals. However, experts believe there is room for recovery if broader economic conditions improve.

Analyst Insights on Market Trends

Bitcoin (BTC) continued its downward trend on September 26, trading under $110,000 as pessimism gripped the crypto market. Data from Coingecko revealed that BTC dropped below $109,000 multiple times throughout the day with an intraday peak at $109,724.

The decline in Bitcoin—resulting in nearly a 6% loss over the week—alongside slight drops in major altcoins like XRP and BNB led to a decrease of 0.8% in total cryptocurrency market value to reach $3.85 trillion. Since almost hitting $118,000 on September 18th, BTC has decreased by 7.5%, with some analysts predicting further declines ahead.

The brief dip below $109,000 has been seen by some observers as an indication of overheating and potential slowdown risks. Arthur Azizov from B2 Ventures highlighted that ETF flows had halved over the past week while noting that the Fear and Greed Index was at its lowest since springtime—a sign suggesting possible further downturns before any rally resumes.

“Technically speaking, &#116he zone between $108&44;&48;&48;&48;-&dollar108&44;&53;&48;&48 is crucial.&32In July,&32consolidation here sparked a rise to &dollar123&44;&48,&50and later preceded August’s surge to &dollar117,&52but bears are now targeting levels around &dollar90&44&,95 he commented.”

Market Dynamics: Liquidations and Demand

Certain analysts suggest this month’s price behavior aligns with historical trends where Bitcoin often underperforms during September but tends toward stronger results come October—and this year seems no different according to Cryptobirb who cautioned about intensifying effects from what’s known as “September Curse.”