BTC Falls Below $110K as Analysts Eye Potential Pullback

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.