Bitcoin (BTC) fell more than 2% on September 1, ending the month on a negative note for bulls.

- BTC price hit $57,230 on Bitstamp, the lowest since August 16.

- August ended with a 8.6% drop, below the average gain of 1.75%.

- September is traditionally a "red" month for BTC, with losses averaging 4.5%.

Traders expect the $55.5-56.5K level to hold, otherwise the price could fall to $51K. 📉