Bitcoin Price Today 20/08/2025: BTC Below $113 and May Fall Further

• Bitcoin Falls Below $113
• Altcoins follow with strong daily losses
• Ethereum and XRP Struggle at Crucial Supports

Bitcoin's price started the week in negative territory and has since lost momentum after brief attempts at recovery. On Tuesday night and early Wednesday, the leading cryptocurrency fell below $113.000, marking its lowest level since early August. Currently, BTC is trading at $112.643, down 2%.

The move reflects increased caution among investors following political meetings involving current US President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders.

Over the weekend, the asset remained stable near $117.500, suggesting a temporary lull in the market. However, on Monday, it began a losing streak, reaching an 115.000-day low of $11. The brief rally, which led BTC to retest $117.000, was quickly nullified by sellers, resulting in a drop to the $113.000 region.

Bitcoin is currently showing a slight recovery to $114.000, but is still accumulating daily losses. Market capitalization has fallen to $2,265 trillion, while dominance over other cryptocurrencies remains below 58%, signaling pressure in the altcoin market as well.

Among the major cryptocurrencies, few posted positive performance. LINK managed to gain 3% in the period, followed by small gains in Solana (SOL), Tron (TRX), LEO, and Toncoin (TON). Ethereum, meanwhile, lost support at $4.200, dropping 1% in 24 hours. Other tokens such as BNB, Dogecoin, HYPE, Stellar (XLM), and SUI also declined.

XRP was one of the hardest hit, breaking the support line at $3,00 and trading at $2,90 after a 4% drop. This performance worries some analysts, as this level is considered crucial for maintaining bullish market expectations.

Cardano (ADA) led the losses among the largest altcoins, falling more than 8% in a single day to $0,85. The selling pressure was also reflected in the total cryptocurrency market cap, which lost more than $70 billion in 24 hours, reaching $3,920 trillion.

Bitcoin Price Analysis

According to analyst Michael van de Poppe (@CryptoMichNL) on X, Bitcoin's current movement may be nearing a turning point. He noted that the asset will likely seek liquidity below recent lows before beginning a recovery.

"In the case of #Bitcoin, we're almost there. We'll likely push liquidity below the lows and reverse upward, as with all range-bound constructions," he explained.

According to their graphical analysis, BTC could still fall to the $111.500 region before finding buying strength and initiating a new upward movement. The interpretation suggests that the price is completing a common pattern in range-bound consolidations, in which selling pressure reaches extreme levels before giving way to a return of demand.

This potential support at $111.500 is being closely monitored by investors, as a reversal at this point could propel Bitcoin back to levels above $115.000, strengthening expectations of a resumption of upward movement in the coming sessions.

On # Bitcoin , we're almost there.

Probably we'll be taking the liquidity beneath the lows and reverse upwards, as in every range-bound constructions. pic.twitter.com/qtT3RxlhEJ

- Michaël van de Poppe (@CryptoMichNL) August 19, 2025