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BTC, ETH and BNB Price Analysis for August 12

Sat, 08/12/2023 - 18:00
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Denys Serhiichuk
Is it possible to see increased volatility of main cryptocurrencies?
BTC, ETH and BNB Price Analysis for August 12
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Bulls are more powerful than bears to a certain extent on the first day of the weekend.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has not changed since yesterday.

BTC/USD chart by TradingView

Image by TradingView

The rate of Bitcoin (BTC) keeps trading sideways as neither side has seized the initiative yet. The falling volume confirms that the main coin is not ready for a sharp move yet.

Bitcoin (BTC) Price Analysis for August 11

In this case, ongoing sideways trading in the area of $29,200-$29,800 is the more likely scenario for the next days.

Bitcoin is trading at $29,418 at press time.


Ethereum (ETH) has gained more than Bitcoin (BTC), rising by 0.31%.

ETH/USD chart by TradingView

Image by TradingView

Today's slight growth has not affected the technical position of Ethereum (ETH) on the daily chart. If buyers want to be back in the game, they need to restore the rate above the $1,900 zone. Only in that case is there a chance to see midterm growth.

Ethereum is trading at $1,851 at press time.


The rate of Binance Coin (BNB) has increased by 0.11% over the past day.

BNB/USD chart byTradingView

Image by TradingView

Binance Coin (BNB) is trading similarly to Ethereum (ETH) as neither buyers nor sellers have seized the initiative so far. The low volume confirms this statement. In this regard, consolidation in the area of $235-$245 is the more likely scenario for next week.

BNB is trading at $240.8 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at