Bitcoin Price Crash: $110K Dip Signals Severe Lows

The crypto market is currently worried about the prevailing Bitcoin price crash. Adding more to the fire, the notorious “Redtember” approaches. With this trend in mind, investors are bracing for potential further declines, leaving many to wonder if BTC’s recent dip below $110K is just the beginning of a more significant downturn.

Bitcoin Price Crash: Will It Dip Below $100,000?

Currently, BTC is facing significant downward pressure, with its price slipping below the critical $110,000 mark. After recently hitting an all-time high of $123,000, the pioneer crypto started exhibiting a rollercoaster ride.

Though briefly held steady above $117K, the price began to slide, ultimately breaching the $110K support level and sparking fresh concerns among investors. At press time, BTC is trading at $108,505, down 1.38%. Over the past week and month, the coin experienced more notable plummets of 6.5% and 8.5%, respectively. Despite this negative sentiment, traders are increasingly active, as evidenced by the 14% surge in the 24-hour trading volume, now at $74.3 billion.

Crypto analyst Ali Martinez shared an X post today, highlighting the possibility of a severe Bitcoin price crash. As per the Pricing Band analysis, the next support level for BTC is around $91,840. As the cryptocurrency has already slipped below $110k, there’s a higher chance for the coin to breach the 100k level.

Driven by the current bearish trend, investors and analysts remain pessimistic about the coin’s potential uptrend. These Bitcoin price crash concerns are further amplified by September’s historical trend of high volatility.

Will Bitcoin Surge Despite Redtember Fears?

As Coin Gabbar recently reported, September has been a challenging month for the largest cryptocurrency. In multiple years, including 2025, 2022, 2021, 2020, 2019, 2018, 2017, 2014, and 2013, negative returns were observed.

However, Merlijn the Trader, a prominent voice, shared an optimistic perspective. He asserted that the price chart is indicating a bullish divergence, characterized by lower lows in price accompanied by higher lows in the Relative Strength Index (RSI).

This pattern typically occurs when retail investors panic and sell, allowing larger investors to accumulate more assets. According to the analyst, this setup positions the crypto for a potential surge, with the next significant price movement likely to be positive.