Bitcoin (BTC) price is trading 10% above the eight-month low of $49,577, reached on Aug. 5 and traders fear new lows under $52,000 could occur before a reversal takes place. On Sept. 6, Bitcoin extended the correction, dropping more than 5.9% from a high of 56,984 to reach an intra-day low of 53,613. Drawing from this performance, analysts now believe that downside risks remain for Bitcoin, with the $52,000 level being a key area to watch at the moment. “#Bitcoin pushing deeper toward the lows at $52,000,” popular trader Jelle wrote in a Sept. 6 post on X. Jelle was responding to a sharp drop …