Bitcoin (BTC<\/a>) is still due to return to near $20,000, fresh analysis warns as BTC\/USD attempts to retest multi-month highs.\u00a0<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>\u00a0showed BTC\/USD staging a second run-up<\/a> to near $25,000 on Aug. 13, so far seeing rejection.<\/p>\n The pair had gained over $1,300<\/a> overnight, but as bulls again ran out of momentum near crucial resistance, few were optimistic over Bitcoin avoiding a deeper comedown.<\/p>\n “One last high to rekt early shorts,” popular trading account Il Capo of Crypto told Twitter followers.<\/p>\n Similarly cautious was fellow trader Jibon, who said<\/a> that he would even prefer to wait and “buy higher” than spot price to rule out any trend reversals.<\/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 \u2014 Trader_J (@Trader_Jibon) August 12, 2022<\/a><\/p><\/blockquote>\n More bullish was trading account Credible Crypto, who argued that any corrections would still be bullish unless $20,700 was broken.<\/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,” he commented<\/a> on an accompanying chart. <\/p>\n “Cleaned up the chart a bit to make things more clear. Invalidation at 20.7k until then bullish af on any dips.”<\/p><\/blockquote>\n “Targeting high 20s of $27,000 – $28,000 as long as we remain above the range high,” Crypto Tony added<\/a>, continuing a strategy from earlier in the week with $24,500 a key support level.<\/p>\n On altcoins, meanwhile, it was Ether (ETH<\/a>) in the driving seat after an overnight surge took ETH\/USD above $2,000 for the first time since May.<\/p>\n Related:\u00a0Crypto markets bounced and sentiment improved, but retail has yet to FOMO<\/a><\/em><\/strong><\/p>\n 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 While on-chain analyst Material Scientist alluded<\/a> to the worst being yet to come for ETH bulls, Ethereum’s crypto market cap share nonetheless crossed 20%, while Bitcoin’s fell under 40%, according to data from CoinMarketCap<\/a>.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/88dbe128-14c8-4489-82fb-5626dab0de96.png\")
Buy-the-dip set for invalidation at $20,700<\/h2>\n
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Ethereum returns to $2,000 after 11-week hiatus<\/h2>\n
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