Bitcoin And Ethereum Daily Price Forecast – Major Crypto Coins Rangebound Ahead of Weekend

The cryptocurrency market today continued its rangebound price action near weekly highs. While most major legacy cryptocurrencies saw price action with slight bearish tone, the price action was still well above critical support level suggesting that bulls have calmed down for a while as they failed to make a bullish breakout despite multiple attempts aiming for same over the last 48 hours. For now, price action continues to remain in a narrow range as momentum in the broad market is dictated by the speculative interest of crypto traders. As both bulls and bears lack fundamental support that could push price action in either side, the activity in the market is currently influenced by investors interpretation of headlines most of which fail to cause any real action in the market at end of the day. As of writing this article, BTCUSD pair is trading at $3905.50 up by 0.54% on the day while ETHUSD pair is trading at $137.61 down by 0.34% on the day.

Bulls Lack Strength To Make Breakout…

Read full story