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    Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry โ€” from price analysis to blockchain disruption. During this period, heโ€™s authored more than 3,000 news articles for Coinpedia News.

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    Bitcoin Price Drops to $115K: Top Trader Reveals Strategy to Survive September Crash

    Story Highlights
    • Bitcoin price plunges to $115K, facing tough resistance near $116K amid seller pressure.

    • Doctor Profit warns September could be very red, citing history of repeated monthly losses.

    • Trading plan suggests shorting Bitcoin at highs, then rebuying cheaper during September correction.

    Bitcoin, the worldโ€™s largest cryptocurrency, kicked off the week with a sharp fall to $115,193, down nearly 3% from yesterdayโ€™s peak of $118K. But according to well-known crypto analyst Doctor Profit, this drop was no surprise as he had already predicted a short-term drop, and the market was playing out exactly as he forecasted.

    Now, the big question is: what comes next? And how to tackle it?

    BTC Battle To Break Above $116K

    After dropping to $115k, Bitcoin is now stuck in a tight range. The fight between buyers and sellers is getting stronger as BTC struggles to move past the key $116K resistance zone. According to analyst Doctor Profit, this level is acting like a wall. Each time Bitcoin nears it, sellers quickly push the price back down. 

    This $116K mark isnโ€™t just another number. If Bitcoin breaks above it, momentum could build for a bigger rally. But if it fails again, bears may gain control and push prices lower.

    Doctor Profit calls it a โ€œmake or breakโ€ zone for Bitcoin in the short term.

    Therefore, Doctor Profit expects the next two weeks to stay mostly flat, with Bitcoin moving within a tight 8% range. He calls this phase the โ€œcalm before the storm.โ€ But his outlook for September is much darker, warning that it could turn into a โ€œvery red monthโ€ for crypto.

    History Shows a Red September for Bitcoin

    However, history seems to back his view. Data shows that in 8 out of 12 times, Bitcoin has ended September with losses, giving the month an average return of โ€“3.77%. This pattern fits closely with Doctor Profitโ€™s prediction of a strong correction ahead.

    Doctor Profitโ€™s Strategy for September

    Doctor Profit has outlined his strategy for the coming month, and itโ€™s straightforward. Be ready for a correction, short when Bitcoin climbs to the top of its current range, then buy back at lower levels after the drop.

    He also noted that selling now and re-entering in September could be smart, as lower prices might give investors the chance to accumulate more Bitcoin with the same amount of money.

    Macro Events Could Add Fuel

    Adding to the uncertainty, this week is packed with key U.S. events, including the Trump-Zelensky meeting, FOMC minutes, jobless claims, and Jerome Powellโ€™s speech. Therefore, each of these results could heavily impact the crypto markets, either accelerating or delaying the correction.

    Never Miss a Beat in the Crypto World!

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    FAQs

    Why is Bitcoin price down today?

    BTC fell on profit-taking, resistance at $116K, and macro fears ahead of key U.S. events.

    How much will 1 Bitcoin cost in 2025?

    As per Coinpediaโ€™s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

    How much will 1 Bitcoin be worth in 2030?

    With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

    How much will the price of Bitcoin be in 2040?

    As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

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