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Bitcoin News: Bitcoin fell 5% over the weekend from 118,330 to 112,300 dollars, testing key support levels as August historically brings losses.
The pullback held support at the former record high of 112,000 dollars, which analyst Tony Sycamore calls the "logical pullback target."
Bitcoin has declined in eight out of 12 Augusts since 2013, with average monthly losses of 11.4%, according to Glassnode data.
If historical patterns repeat, Bitcoin could drop to around 105,000 dollars, though bull market years sometimes break the trend.
Risk sentiment stability above 110,000–112,000 dollar support could enable retesting all-time highs despite monthly resistance at 125,000 dollars.
A sustained break below support could extend corrections toward the 200-day moving average at 99,355 dollars.
September shows similarly bearish patterns with losses in eight of the past 12 years, creating extended downside risk.
The last August gain occurred during 2021's bull market when Bitcoin added 13.8% to reach 47,000 dollars, offering hope for bull market conditions