Altcoins View Non-AMP

Will Bitcoin and Ethereum Price Maintain The Bullish Trend In Coming Week?

Written by: Delma Wilson

August 14, 2022

The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving. 

The Bitcoin price, which was earlier struggling around $23,000, has reclaimed the $24,000 level and might close the weekend on a bullish note.

However, the latest analysis has a different prediction. As per reports, Bitcoin (BTC) could find its bottom around $20,000.

Capo, a popular crypto analyst took to Twitter saying “one last high to rekt early shorts.” Another trader named Jibon had a similar warning, as he advised his followers to wait and buy at a higher price (once the trend is confirmed) and to refrain from trading at the spot price. 

On the flip side, Credible Crypto has a bullish approach stating that the Bitcoin price remains bullish until and unless the price loses the $20,700 range.

Ethereum’s Market Cap Surges By 20%

Meanwhile, the lead altcoin, Ethereum, is leading the crypto market after the currency saw a splendid surge to reach levels near $2,000. At the time of reporting, Ethereum has slightly plunged and is trading at $1,974, with a surge of 5.11% over the last 24hrs.

Since May 23, this is one of the best Ethereum price actions registered as the currency touched $2,020.

An on-chain analyst, Material Scientist, noted that Ethereum’s crypto market cap has surpassed 20% while Bitcoin’s has plunged by 40%.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

Recent Posts

Snowfallprotocol.io (SNW) And The Importance Of Interoperability For The Blockchain Industry

Imagine a world where you can freely exchange assets between any two blockchains. This is…

October 1, 2022

Cryptocurrency Experts Predict Flasko (FLSK) Will Surpass Ethereum Classic (ETC) and Litecoin (LTC) In 2023

The cryptocurrency industry's ecology is ever-changing. Innovation in the crypto industry keeps investors motivated to…

October 1, 2022

Uniglo.io (GLO) Vault Diversifies With PolySwarm (NCT), The Sandbox (SAND) And Decentraland (MANA)

In a move that will surely shake up the blockchain space, Uniglo has announced that…

October 1, 2022

Flasko (FLSK) Rises As Cosmos (ATOM) And FTX Token (FTT) Run Into Trouble

Investments are in the red as the cryptocurrency market crashes badly in 2022, burning investors…

October 1, 2022

Bitcoin (BTC) Price Prediction 2022, 2023, 2024, 2025: Will BTC Price Go Up To $25K This Q4?

The market leader Bitcoin has had a tough sail since the start of 2022. The…

October 1, 2022

Will Bitcoin (BTC) Price Drop To $12K in October? Decoding The Possibility

Top cryptocurrencies fail to pique traders' interest, and the cryptocurrency market remains dominated by bears.…

October 1, 2022