Bitcoin and Ethereum Daily Price Forecast -Crypto Market To Trade Positive on News Driven Momentum

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Cryptoscape is seeing a mixed image today with Bitcoin, Ethereum and many other major currencies trading in Green while the others traded in red The first week of January 2019 was very positive for the encrypted market, as both Bitcoin and Ethereum saw a solid change in 39. Price action with bullish bias which has prevailed over the price Having found a steady support at $ 3500, bitcoin is now looking to recover solid ground above $ 4,000. Last week saw bitcoin climb to $ 3989 but the run was another dead cat is rebounded as the pair has fallen to $ 3,000. But the cryptocurrency ancestor managed to close positively for the week as the BTC / USD pair broke $ 4000 and peaked intra-day $ 4145.16 near the end of the day and opened for the second week in excess of $ 4100 after the Asian session saw a price-consolidation action. The bullish influence on Bitcoin's price action proceeds seen as a bit of support from the news that they mentioned Japanese financial regulator awaiting approval for Bitcoin ETF data-reactid = "11"> The Cryptoscape is seeing a mixed image today with Bitcoin, Ethereum and several other major commercial currencies in Green while the others have been traded in red. The first week of January 2019 was definitely positive for the cryptic market as both Bitcoin and Ethereum have seen a solid change in price action with bullish bias that has prevailed over price. After finding a stable support at $ 3,500, Bitcoin is looking to regain solid ground above $ 4,000. Last week saw bitcoin climb up to $ 3989 but the race turned out to be another dead cat rebounded as the pair fell to $ 3000, but the ancestor of the cryptocurrencies managed to close positively for the week when the BTC / USD pair broke $ 4000 and hit a day intra intra $ 4145.16 close to the end of the day and opened for the second week above $ 4100 mark post that the Asian session saw a price consolidation action. Bullish influence on Bitcoin price action received some support from the news that made Jap understand a financial control body awaiting the approval of Bitcoin's ETF on the domestic market.

Profit booking canceled Most of the weekend's profits

This contradicts it with the Securities and Exchange Commission (SEC) of the US Regulator, which has taken a risk-averse position on any financial instrument that deals with bitcoins and other cryptocurrencies. An endorsement by the Japanese regulatory authority Financial Services Agency (FSA) will greatly increase the value of crypto currencies among institutional investors, bringing a new stream of funds that could help Bitcoin to claim $ 5000 with fundamental support . Crypto markets are also receiving positive support on the news that Coinfloor, a UK-based encrypted currency trading company, is offering a future contract for Bitcoin, Ethereum and Bitcoin in cash in the name of CoinfloorEX / Coinflex. While there are already many crypto futures on the market, what makes this product really special is the design to physically deliver a real encrypted currency upon delivery instead of crediting money to the investor's account. However, gains from the first trading session were canceled as the profit booking activity caused a significant fall in prices.

At the time of writing this article, the BTC / USD pair traded at $ 4030.20 up 5.14% on the day it recovered from the intraday low of $ 3826.20 which suggests that the news driven momentum provides fundamental support for $ 4000 for at least the near future. In the meantime, Ethereum remains the most profitable crypt currency on the market after claiming its place as the second cryptocurrency in the market. Like the bitcoin, Ethereum also gained sharply during the weekend trying to recover the weekly highs touching the $ 163.11 share that the ETH / USD pair was in stock on consolidated prices in the top half of $ 150 in the early hours of trading today. However, the profit booking business saw the pair drop to $ 149.55 post which recovered significantly and traded at $ 152.61. The ETH / USD pair is expected to remain volatile before the long-awaited rigor of Constantinople, however the upward sentiment surrounding Ethereum should remain stable even after the network has been updated.

<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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