It is dropped to $108k. But now, the price has reached $110k. And the price trying to increase more. The drop makes some traders close their trade for a while but that will not be a problem. But the situation can continue until the end of this month.
After declining to $108k, it could return to $112k recently. Sure, it isn't a good sign but I'm sure it will be fine as long as it can stay above $110k. No doubt the traders prefer to close their position because the market tends to be more difficult to predict.
However, I really hope this decline won't last until the end of the month. It should be around at $114k - $115k again in the near future to ensure the chance of the next ATH.But I am not sure what will happen in the next month especially if the correction comes again. What happens to the world can reflect what happens to Bitcoin so we need to be careful and take our time to analyze deeply.
According to the history of previous cycle, September will be the red market. So, it is very possible to see another correction. But there is no certainty, the history may not repeat due to some factors. We all know that any news/issues easily influence Bitcoin price. So, we must prepare of any possible condition in the next month.