{"id":484076,"date":"2022-08-13T11:09:17","date_gmt":"2022-08-13T08:09:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k\/"},"modified":"2022-08-13T11:09:17","modified_gmt":"2022-08-13T08:09:17","slug":"bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k\/","title":{"rendered":"# Bitcoin traders still favor new $20K lows as Ethereum hits $2K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f8f921f359\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f8f921f359\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k\/#%E2%80%9D_Bitcoin_traders_still_favor_new_20K_lows_as_Ethereum_hits_2K_%E2%80%9C\" >&#8221; Bitcoin traders still favor new $20K lows as Ethereum hits $2K &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k\/#Buy-the-dip_set_for_invalidation_at_20700\" >Buy-the-dip set for invalidation at $20,700<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k\/#Ethereum_returns_to_2000_after_11-week_hiatus\" >Ethereum returns to $2,000 after 11-week hiatus<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_traders_still_favor_new_20K_lows_as_Ethereum_hits_2K_%E2%80%9C\"><\/span>&#8221; Bitcoin traders still favor new $20K lows as Ethereum hits $2K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC\/USD attempts to retest multi-month highs.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/88dbe128-14c8-4489-82fb-5626dab0de96.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Buy-the-dip_set_for_invalidation_at_20700\"><\/span>Buy-the-dip set for invalidation at $20,700<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD staging a second run-up to near $25,000 on Aug. 13, so far seeing rejection.<\/p>\n<p>The pair had gained over $1,300 overnight, but as bulls again ran out of momentum near crucial resistance, few were optimistic over Bitcoin avoiding a deeper comedown.<\/p>\n<p>&#8220;One last high to rekt early shorts,&#8221; popular trading account Il Capo of Crypto told <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers.<\/p>\n<p>Similarly cautious was fellow trader Jibon, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Trader_Jibon\/status\/1558195343526727680\">said<\/a> that he would even prefer to wait and &#8220;buy higher&#8221; than spot price to rule out any trend reversals.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If you see my tweet and buy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> at 18-19K, Then you are in 30% profit (without leverage).<\/p>\n<p>Honestly saying, Right now, I don&#8217;t feel Safe. I will buy higher. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SPX<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24NASDAQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$NASDAQ<\/a><\/p>\n<p>\u2014 Trader_J (@Trader_Jibon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Trader_Jibon\/status\/1558195343526727680?ref_src=twsrc%5Etfw\">August 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>More bullish was trading account Credible Crypto, who argued that any corrections would still be bullish unless $20,700 was broken.<\/p>\n<p>&#8220;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,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1558158093741064194\/photo\/1\">commented<\/a> on an accompanying chart. <\/p>\n<blockquote><p>&#8220;Cleaned up the chart a bit to make things more clear. Invalidation at 20.7k until then bullish af on any dips.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/32f4dc54-fffc-40a5-8dbb-e0c0980a406e.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Credible Crypto\/ Twitter<\/em><\/figcaption><\/figure>\n<p>&#8220;Targeting high 20s of $27,000 &#8211; $28,000 as long as we remain above the range high,&#8221; Crypto Tony <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1558337567262752774\">added<\/a>, continuing a strategy from earlier in the week with $24,500 a key support level.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_returns_to_2000_after_11-week_hiatus\"><\/span>Ethereum returns to $2,000 after 11-week hiatus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On altcoins, meanwhile, it was Ether (ETH) in the driving seat after an overnight surge took ETH\/USD above $2,000 for the first time since May.<\/p>\n<p><strong><em>Related:\u00a0Crypto markets bounced and sentiment improved, but retail has yet to FOMO<\/em><\/strong><\/p>\n<p>At $2,020 so far, the pair achieved its best performance since May 23, seeking to consolidate near the highs at the time of writing.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/8b8a9a94-2fe6-4ff7-8df9-745e63be6482.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-day candle chart (Binance). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>While on-chain analyst Material Scientist <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Mtrl_Scientist\/status\/1558358393525604355\">alluded<\/a> to the worst being yet to come for ETH bulls, Ethereum&#8217;s crypto market cap share nonetheless crossed 20%, while Bitcoin&#8217;s fell under 40%, according to data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/charts\/\">CoinMarketCap<\/a>.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/a79b64ed-4d25-4211-86bb-4c378481553d.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin dominance 1-week candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, a dedicated indicator already called the start of &#8220;alt season&#8221; with a stronger signal than at any time since June 2021 this month.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin traders still favor new $20K lows as Ethereum hits $2K &#8220; Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC\/USD attempts to retest multi-month highs.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy-the-dip set for invalidation at $20,700 Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD staging&#8230;<\/p>\n","protected":false},"author":1,"featured_media":484077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMTJlNjBlYWItZDgyZS00NjQ1LTllZjMtMGQ3Yjg2ODlhZjA4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-484076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=484076"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/484077"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=484076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=484076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=484076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}