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Bitcoin's Unimpressive Bounce Fails to Diminish Downside Risk; Support Around $112K

20/08/2025 20:18

The recent bounce in Bitcoin's price, although noticeable, has proven to be unimpressive and insufficient to alleviate concerns about potential downside risks. Analysts suggest that even with this temporary increase, the underlying vulnerabilities remain, particularly with critical support levels identified around $112,000. This indicates that while there may be brief recoveries in the cryptocurrency's value, the overarching trend still points to uncertainty and possible declines if these support levels are breached. source: https://www.coindesk.com/markets/2025/08/20/bitcoin-s-unimpressive-bounce-fails-to-diminish-downside-risk-support-around-usd112k

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