Bitcoin and Ethereum Price Forecast – BTC Prices Buoyant

The BTC prices have been buoyant over the last few days and in fact, we saw the prices move over the $7300 region for a brief while during this period. Though the prices have since dropped back a little, it would be interesting to see how the price action pans out over the next few days. The buoyancy and the demand underneath the market are clear for everyone to see, though it could be a little disappointing to the day traders who are looking for a lot of action and volatility like what we had seen in the markets during the same time last year.

It is unlikely that we will be getting such kind of volatility anytime soon but we can rest assured that the bulls are back in control of the markets, at least for now. They did not do a good job of the bullishness last time around but the market would hope that they would be able to hold this time around.

BTC Prices Stay High

Last time, the prices did travel to the $8000 region but then it corrected from there and dropped back into the range but this time, the move has been more steady and slow and this has given a lot of hope for the traders that the period of consolidation and ranging might finally be over and that we would start seeing the prices continue to make some slow and steady progress unlike last time. This is something that we can see happening in the coming weeks but it is likely that the volatility would be low and slow for the coming weeks.

The ETH prices have also been buoyant during the last few days but they have been unable to break above the $300 region so far. They have been trading just short of that region for the past couple of days but if the crypto market begins to pick up as a whole and if enough momentum is generated, it may not be long for the ETH prices to follow suit.

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Forecast

Looking ahead to the rest of the day, we expect the buoyancy to continue in the markets when the traders return back to their desks from the weekend and it is likely that the prices would continue moving higher with the $7500 region being the next target.