Bitcoin and Ethereum Daily Price Forecast – Crypto Market Range Bound: Investors become cautious ahead of Constantinople Hard Fork

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Following the action of two-way prices of Yesterday, Bitcoin and Ethereum the trading range is bound to the bearish bias today as a new successful market The Japanese Financial Regulator has denied interest in the Bitcoin ETF. Earlier this week, Bloomberg published an article stating that the Japanese FSA is considering the green lighting of Bitcoin ETFs, but today the news hit the market that the Japanese FSA has denied having made such a decision. According to the article on the cryptocurrency news website – cointelegraph, their representative in Japan came into contact with the financial services agency that denied making decisions about the approval of the company. ETF and had no idea who was the source behind the Bloomberg article. "Data-reactid =" 11 "> Following yesterday's two-way price action, today Bitcoin and Ethereum have a bearish range of bearish biases that the Japanese Financial Regulator has denied interest in. Bitcoin ETFs At the beginning of this week, Bloomberg published an article stating that Japan is evaluating Green Lighting Bitcoin ETFs, however, today reported that the Japanese FSA has denied having made such a decision According to the article of the cryptocurrency news site – cointelegraph, their representative in Japan contacted the financial services agency which then denied any decision on the approval of the # 39; ETF and had no idea who was the source behind the Bloomberg article.

Crypto Market was indecisive about the latest FSA update

Traders are approaching the cryptocurrency market with caution, now that the holiday recovery rally he gave to Bitcoin and other strong bullish hikes of Altcoins has expired. Investors focus on upgrading the Ethereum network, widely known as the Forcella di Costantinopoli and its impact on the price of coins on the market, which has led to an action on the prices of the range in the encrypted markets. . Bitcoin is now trading dangerously close to a price of $ 4000 with a limited price action that has failed in its attempts to get a solid hold above the price level of $ 4100. However, given the positive reaction In the market for cryptography despite the lack of solid fundamentals, traders believe that Bitcoin is forming the next level of support at $ 4,000, now that it has gained a solid hold on $ 3,500.

At the time of writing this article, the BTC / USD pair traded at $ 4040.6, down 0.40% on the day. In the meantime, Ethereum is expected to continue to operate slowly, as both retailers and institutional investors are opposed to placing important bets before hard fork. However, the enthusiastic crypts and the daily operators who are looking for fast products continue to bet on Ethereum as the currency seems to have found a steady point of support above $ 150, despite the lack of volatility and the volume of decent trading on the market . The ETHUSD pair is currently trading at $ 152.07 a fall of 0.56% on the day.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article it was originally published on FX Empire "data-reactid =" 22 "> This article was originally published on FX Empire

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