Bitcoin <\/p>\n
The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving. <\/p>\n
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.<\/p>\n
However, the latest analysis has a different prediction. As per reports, Bitcoin (BTC) could find its bottom around $20,000.<\/p>\n
Capo, a popular crypto analyst took to Twitter saying “one last high to rekt early shorts.”<\/em> 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. <\/p>\n If you see my tweet and buy $BTC<\/a> at 18-19K, Then you are in 30% profit (without leverage).<\/p>\n Honestly saying, Right now, I don’t feel Safe. I will buy higher. $BTC<\/a> $ETH<\/a> $SPX<\/a> $NASDAQ<\/a><\/p>\n<\/div>\n — Trader_J (@Trader_Jibon) August 12, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n 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.<\/p>\n Relief went a big higher than expected but looks like a liq grab of local highs and still think a move down to green before continuation to 28k+ makes most sense. Cleaned up the chart a bit to make things more clear. Invalidation at 20.7k until then bullish af on any dips. $BTC<\/a> https:\/\/t.co\/aBxtO4UsyJ<\/a> pic.twitter.com\/gFgHgYaYRf<\/a><\/p>\n\n
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