Bitcoin and Ethereum Price Forecast – BTC Prices Through $9000

The BTC prices have pushed through the $9000 region and now trade comfortably above that region so far. If the push through holds, then it would mean that the prices are now clear of an important resistance and the path would then be clear for progress towards the $10,000 region and further. The prices seem to be on the move higher and the bulls are in total control and the momentum is also clearly behind them. All these are pointers that the momentum is only going to build and bring in more and more traders and demand and this is going to keep pushing the prices up further.

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Prices Push Through Resistance

We had been mentioning about this impending bull run for the past couple of weeks and now we believe that this bull run is going to last a long time and is also capable of pushing the prices to all time highs in due course of time. The reason for this faith is the fact that the development in this network is more structured now than it was last year and this has helped to bring the network into a much better shape and reduce transaction costs and improve the transfer speed as well and all of these fundamentals are likely to hold the market in good stead and expected to back this bull run in the medium and long term as well.

The ETH prices also seem to be heading towards the $700 region in the medium term as the prices have now crossed the $600 region with ease and the momentum seems to be building in this market as well. Many of the tokens are also doing very well for themselves and this is helping the ETH network as well.

Forecast

Looking ahead, the point of interest would be whether the bulls would be able to hold the prices above the $9000 region in BTC. We believe that they should be able to do so and if they do, we should see the prices make some swift progress towards the $10,000 region in the BTC market and the $700 region in the ETH market.