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

Why is Target's CEO stepping down? What caused Meta to freeze AI hiring? How are Trump tariffs impacting US businesses? Why is the Fed hesitant to cut rates? What explains Nvidia's recent stock drop? How will US stake in Intel affect chip industry? Why is Sony raising PlayStation 5 prices?

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

coindesk.com/markets/2025/08/20/bitcoin-s-unimpressive-bounce-fails-to-diminish-downside-risk-support-around-usd112k

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Bitcoin (BTC) bulls are attempting to establish an interim low around $113,000, but the effort appears weak in terms of both price and volume. So far, the bounce has been barely notable, with…

This story appeared on coindesk.com, 2025-08-20 12:18:44.