Bitcoin and Ethereum Price Forecast – BTC and ETH Prices Push Higher
The bitcoin prices continued to move higher over the weekend as it made another all time high and even broke through the $8000 region for a brief while before settling back lower below that for now. It looks as though it is only a matter of time that the prices break through the $8000 region for good and continue to move higher towards the $9000 region thereafter. The market has once again recovered strongly from a challenge which was forced on the industry due to the cancellation of the hard fork that was scheduled for the middle of the fork.
Bitcoin Prices Stay Buoyed
If there are still people around who doubt whether this industry would survive, then they arent showing up anytime soon. We are seeing more and more merchants and payment providers beginning to accept bitcoins as one of the payment methods and this is only going to increase its usage in due course of time and this would in turn lead to higher demand and hence higher prices. We do not know when this train would stop but the market seems to continue to be good atleast for the next few months.
The ETH market is also beginning to show signs of life as the ICO industry also picks up around the globe. We are also seeing ICOs being launched in countries like India which continue to lag behind as far as usage of cryptos and ICOs are concerned. This is only going to increase the demand for ETH and we are already seeing signs of that as the prices have pushed through the $340 region and trade comfortably above the $350 region as of this writing and looking good for more.
Looking ahead to the rest of the day, we should see the BTC prices challenge the $8000 region during the day and we believe that it will eventually push through and reach $8200. On the other hand, the ETH market will try and use this renewed momentum in the prices to continue to push higher towards the $380 region.
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