Bitcoin News Today: Bitcoin Falls Below $113,000 as ETFs See $523.3M Outflows and Altcoin Momentum Wanes

Bitcoin’s price decline below $113,000 triggered bearish sentiment among retail traders and led to net outflows of $523.3 million from U.S. spot BTC ETFs on Tuesday, signaling caution from institutional investors [1]. The dip also dragged altcoins lower, with global search interest for “alt season” declining to 45 from a peak of 100 on Aug. 13 [1]. Chart analysis indicates that Bitcoin is testing support near $110,530 and $112,000, with a rebound potentially leading to the 20-day EMA at $116,687. However, a breakdown below $110,530 could see the price fall to $105,000 or even $100,000 [1].

Ether (ETH) has bounced off the $4,094 level, suggesting a bullish attempt to reposition this level as support. The ETH/USDT pair could rise to $4,576 and face key resistance around $4,788 to $4,868. A successful break above $5,000 could target $5,662, while a sharp decline below $4,094 may signal bearish control, with a possible drop to $3,593 [1].

XRP broke below the 20-day EMA ($3.07) and the 50-day SMA ($2.97), with bears targeting support at $2.73. A close below that level could see the price fall to $2.20, though a rebound above the 20-day EMA may indicate easing selling pressure [1].

BNB is consolidating near the 20-day EMA ($813) after rejecting resistance at $861. A rally above $869 could aim for $1,000, while a breakdown below the 20-day EMA may result in a pullback to $757, with potential consolidation between $732 and $861 [1].

Solana’s price fell below the 20-day EMA ($181) to test the 50-day SMA ($173). Bulls are attempting to defend this area, with a rebound potentially pushing the price toward $210 and then $240. A breakdown below $173 could lead to $155 [1].

Dogecoin has reached strong support at $0.21. A rebound with strength above the 20-day EMA ($0.22) may lead to a short-term range between $0.21 and $0.26. A breakdown below $0.21 could see the price fall to $0.16 [1].

Cardano’s price dropped to the 20-day EMA ($0.84), with a close below that level likely to bring a decline to the 50-day SMA ($0.77). A rebound above $0.84 could see a rally toward $1.17 [1].

Chainlink (LINK) pulled back from $27, with bulls attempting another push above that level. A successful break could target $31 and $36, while a breakdown below $23.36 may see a pullback to the 20-day EMA at $21.86 [1].

Hyperliquid (HYPE) has broken below key moving averages, with bears maintaining pressure. Bulls aim to reclaim the moving averages, with a successful break potentially targeting $50. A breakdown could see the price fall to $36 [1].

Stellar (XLM) is in a tight battle near the 50-day SMA ($0.39), with the 20-day EMA ($0.41) turning lower and the RSI in negative territory. A breakdown below $0.36 could lead to a drop to $0.29, while a rebound above $0.41 may target $0.52 [1].

Source: [1]Price predictions 8/20: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM (https://coinmarketcap.com/community/articles/68a60f51fb87765c4304546c/)