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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 Bitcoin’s 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 “pretty oversold” 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.
🚨 Bitcoin about to test critical support level at $112,000 👀 https://t.co/13oFnpaiTp
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐍𝐞𝐰𝐬 𝐓𝐨𝐝𝐚𝐲: 𝐖𝐢𝐥𝐥 $𝟏𝟏𝟐𝐊 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐇𝐨𝐥𝐝 𝐀𝐦𝐢𝐝 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐓𝐫𝐞𝐧𝐝? 🚨 Bitcoin struggles below $114K as key $112K support holds the line! Will BTC break below or bounce back? 💥📉 #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