- Bitcoin manifests a bullish price path over the last 5 days, attempting to go beyond $12,000
- BTC has recently corrected down from $11,900, Ethereum has been ranging between $228 to $225 over the last 24-hours
For a few hours yesterday, Bitcoin had been trading above $12,000 and even traced a close above $12,100. However, after that, the most talked-about crypto coin saw a downtrend and it came near $11,600 pretty quick. BTC is now correcting up to hit the $12k price again.
While BTC was surging high above $12,000, Ethereum also reflected a bullish price trend. From 5th to 7th of August, Ethereum has traced an upswing, as, after that, the coin again returned back to a slight bearish zone. However, the coin is still above $224. At 07:23:41 UTC, Bitcoin is trading at $11842.
Ethereum vs Bitcoin Price Chart
5 days ago, Bitcoin was trading around $10,400 and it increased a bit to trade within the price range of $10,500 to $10,800. Till 6th August, Bitcoin had managed to reach above $11,600, and from there it sharply escalated to $12,188.75. The coin remained there for a few hours and then it nosedived by 8.39%.
Here, the coin found support at $11,258.25 and again surged to $12,161.67 yesterday. On the same day, BTC corrected down.
Ethereum had also attempted to trade above $240 when BTC was above $12,100. Though the altcoin did not move above $239.16 and it saw a major decrease of 7.03% to $222.60. It then corrected up to $231.09. Currently, the coin is well below $231.09 and is at $225.03 at 07:23:41 UTC.
Bitcoin may see resistance at $12,174.74 and $12,407.51 and support at $11,571.45 and $11,200.93. Similarly, Ethereum can face resistance at $229.77 and $233.16 and support at $222.89 and $219.4.