Bitcoin and Ethereum Price Forecast – BTC Prices Still in Range

The BTC prices have continued within the range for another day yesterday and there are no signs of a breakout as yet
Colin First
Bitcoin Tuesday

The BTC prices have been steady at best, over the last 24 hours as the lack of fundamentals and economic news continues to rattle the markets as the traders search for direction and volatility. It is going to be difficult going in the days to come as the consolidation is likely to continue for the short term and this is only going to add to the misery of those traders who are looking for a lot of volatility so that they can make some decent profit out of their trades. With this kind of movement, it is likely that only the large investors would be benefited.

BTC Prices – Is the Bottom In?

There is an increasing feeling among many of the traders that we are likely seeing the bottom of the BTC prices for the short and medium term. The traders do not see that the prices are going to fall in a large manner anytime soon and this is likely to improve the confidence of the markets in a slow and steady manner. This is only going to add even more to the buoyancy of the markets and this is likely to last for sometime and only add to the strength of the underlying bullishness. If this continues, then we could see a bullish break anytime.

The ETH markets have also been quiet during this period and that would come as a relief for many of the ETH investors who have been holding on to the coin for a long time in the hope of better returns. It is a much better situation for them right now considering that the prices were sub-200 for much of the last month.

Looking ahead to the rest of the day, we do not have any major developments in the horizon and hence it is likely that the consolidation and the ranging would continue for the short term. This would mean that the prices are going to continue to be within the range of $6400 and $6800 for much of the next 24 hours or so.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.