Bitcoin And Ethereum Daily Price Forecast – Crypto Coins Continue Rangebound Activity.

Cryptocurrency market continues to see price action remaining locked within the range. This clearly suggests that nothing much has actually changed in the cryptocurrency market over the last 24 hours. Owing to the decentralized nature of market which lacks clear backing of any single economy or government it makes it highly difficult to predict future price actions. A look at the price history of the last two weeks suggests that the market is currently stuck between rock and hard place. What the market needs right now is a clear breakthrough in either direction followed by a sustained rally for the market to gain clues on next leg of price action be it bullish or bearish. As of writing this article, the BTC/USD pair is trading flat at $3878.1 up by 0.03% on the day while ETH/USD pair is trading flat at $132.82 up by 0.05% on the day.

Market Continues to Maintain State of Neutrality

Given the lack of major events and headlines that could influence a breakout, despite sharp price…

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