Bitcoin Falls Below $110K as Analysts Signal Possible Deeper Pullback
Bitcoin (BTC) slipped below $110,000 on Thursday, marking a halt to this week’s modest rebound and raising concerns about further downside ahead of a potentially stronger fourth quarter. The cryptocurrency lost 2.2% over 24 hours to $109,500, retracing roughly half of the weekend’s gains after peaking at $112,600 on Wednesday.
Other major cryptocurrencies also saw declines, with Ether (ETH), Solana (SOL), and Cardano (ADA) all dropping more than 3%.
Corporate BTC holders mirrored the broader market weakness. Strategy (MSTR) fell 3.2%, down 30% since July, while MetaPlanet (3355) dropped 7%, KindlyMD (NAKA) lost 9%, and Ether-focused vehicles BitMine (BMNR) and SharpLink Gaming (SBET) slid 8–9%.
Analyst outlook
September historically tends to be a weaker month for bitcoin. Gold recently broke above $3,500, drawing capital from riskier assets. Bitfinex analysts highlighted that BTC is in its third week of retracement from the August all-time high of $123,640, noting that typical bull-market corrections average around 17% peak-to-trough.
A key support level sits near the short-term holder realized price of $108,900. If this fails, BTC could retrace toward the $93,000–$95,000 zone, which may act as a more durable floor.
LMAX Group strategist Joel Kruger remains cautiously optimistic, noting that September often sees consolidation before a stronger fourth quarter, and that ETF inflows, corporate treasury buys, and favorable regulatory developments could limit the depth of the pullback.
About The Author
More Stories
Crude exported from the Middle East climbs above $100 per barrel. Here’s the potential impact on bitcoin.
Bitcoin’s pullback may persist as whale selling into retail accumulation points to a bearish market signal.
Despite behaving like a tech stock at times, bitcoin continues to offer portfolio diversification benefits, according to an analyst