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.
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.
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%.