Bitcoin extended its August retreat, sliding from about $115,000 on 19 August to roughly $113,000 by 21 August as a broad cryptocurrency selloff gathered pace. Market trackers flagged a potential test of $112,000, a level some traders view as near-term support. The pullback has widened Bitcoinโs share of total crypto market value to 58.7%, while the Altcoin Season Index slipped to 42, underscoring heavier pressure on smaller tokens. Anthony Pompliano, chief executive officer of Professional Capital Management, told CNBC the latest drawdown appears modest compared with prior cycles and reflects a maturing market with greater institutional participation. He described Bitcoin at $113,000 as โpretty oversoldโ and predicted seasonal and policy factors could help prices recover in September and October. Pompliano reiterated his long-term view that the token could eventually reach $1 million, though not in the current cycle.
๐จ Bitcoin about to test critical support level at $112,000 ๐ https://t.co/13oFnpaiTp
๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐ฐ๐ฌ ๐๐จ๐๐๐ฒ: ๐๐ข๐ฅ๐ฅ $๐๐๐๐ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฅ๐ ๐๐ฆ๐ข๐ ๐๐๐๐ซ๐ข๐ฌ๐ก ๐๐ซ๐๐ง๐? ๐จ Bitcoin struggles below $114K as key $112K support holds the line! Will BTC break below or bounce back? ๐ฅ๐ #Bitcoin #CryptoNews #BTCPrice https://t.co/GVEPv5fnGG
Bitcoin Will 'Come Back Alive Again' In September, Says Anthony Pompliano: '$113,000 Is Pretty Oversold' https://t.co/yjx7EhnYzq