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Will Bitcoin and Ethereum Price KEEP UP WITH THE Bullish Trend In Coming Week?

The entire crypto market cap is currently maintaining its range above $1 trillion, and a lot of the cryptocurrency assets appear to be thriving.

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

However, the most recent analysis includes a different prediction. According to reports, Bitcoin (BTC) may find its bottom around $20,000.

Capo, a favorite crypto analyst took to Twitter saying one last high to rekt early shorts. Another trader named Jibon had an identical warning, as he advised his followers to hold back and purchase at an increased price (after the trend is confirmed) also to avoid trading at the location price.

In the event that you see my tweet and purchase $BTC at 18-19K, You then come in 30% profit (without leverage).

Honestly saying, At this time, I don’t feel Safe. I’ll buy higher. $BTC $ETH $SPX $NASDAQ

Trader_J (@Trader_Jibon) August 12, 2022

On the other hand, Credible Crypto includes a bullish approach stating that the Bitcoin price remains bullish until and unless the purchase price loses the $20,700 range.

Relief went a large greater than expected but appears like a liq grab of local highs but still think a move right down to green before continuation to 28k+ makes most sense. Cleaned up the chart a little to create things more clear. Invalidation at 20.7k until then bullish af on any dips. $BTC https://t.co/aBxtO4UsyJ pic.twitter.com/gFgHgYaYRf

CrediBULL Crypto (@CredibleCrypto) August 12, 2022

Ethereums Market Cap Surges By 20%

Meanwhile, the lead altcoin, Ethereum, is leading the crypto market following the currency saw an outstanding surge to attain levels near $2,000. During reporting, Ethereum has slightly plunged and is trading at $1,974, with a surge of 5.11% during the last 24hrs.

Since May 23, that is among the best Ethereum price actions registered because the currency touched $2,020.

An on-chain analyst, Material Scientist, noted that Ethereums crypto market cap has surpassed 20% while Bitcoins has plunged by 40%.

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