Thursday, March 22, 2018
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Bitcoin and Ethereum Price Forecast – BTC Consolidates, ETH Targets $1000
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The BTC prices consolidate in a calm and steady manner as the ETH prices eye $1,000

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BTC Consolidates

The prices have been fluctuating in a range on either side of $15,000 but unlike previous times, there does not seem to be any sign of panic in the markets. The trades seem to be well aware of the risk and the returns that are possible with bitcoin and are happy to see it take some rest and give away some of its attention to the other coins. The regulators also are likely to be happy with the way the bitcoin prices are moving at this point of time and this is an added plus for the bitcoin market.

Bitcoin 4H
Bitcoin 4H

We have been mentioned since the middle of December that the ETH prices are likely to hit the $1000 mark within the first week of January and now we are at the cusp of it and it is only now that others have begun to talk about it. For several months, we have been talking about the potential of ethereum and how it is likely to be stronger, fundamentally, than bitcoins and the price rise since then speaks volumes.


Looking ahead to the rest of the day, expected the consolidation to continue in the BTC prices for today as well. The key figure for the ETH market would be the $1000 region and it appears that it would only be a matter of time before it is broken through.


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