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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.

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