Price Predictions and Analysis for Bitcoin, Ethereum and BitcoinCash

Blockchain technology and cryptocurrency have been attracting a lot of Wall Street executives to the industry. The last executive to join the trend is Mr. Gary Gensler, the former financial regulator. Mr. Gensler will be teaching a course about the potential of blockchain at MIT.

While Mr. JP Morgan has already made some headlines regarding its view on cryptocurrencies, Daniel Masters (the former head of the global energy trading desk of the company) strongly believes that the cryptocurrency market is going to expand far more than what it is now in the future.

SEE ALSO:   TRON price predictions 2018: The cryptocurrency is increasing in value consistently - USD / TRON price analysis (TRX / TRON Price Today) Tron Coin News -Tron Price Prediction - Thu Oct 18

Bitcoin/USD

Bitcoin’s value has again gone into a state of amalgamation close to the $9,200 mark. Putting the tight consolidation into consideration, it is recommended that traders book partial profit around this mark. In a little period of time, it is believed that the value of bitcoin will fall within the range of $6,000 and $12,000.

With this large range, bitcoin can be traded with little or no difficulty. The target should be to invest when the value is close to the $6,000 mark and close positions when the value is approaching $12,000. Within these levels, the volatility of the currency will be very high.

SEE ALSO:   Savvy Digital Currency Traders Use Bot to Detect Latest Listing on Coinbase to Make More Profit – Crypto News Today

Ethereum/USD

The value of the Ethereum is currently on the rise without entry opportunities. Sometimes, you might have to miss some trades because they do not offer potential entry levels. Never rush into a trade just because you are scared of missing out. The value of Ethereum has rallied to $745, and the value may either consolidate or correct – this depends on the underlying strength.

BitcoinCash/USD

Bitcoin Cash has done very well, even beyond expectation. It is forging ahead and making so much progress. Bitcoin is currently on its way to the $1,600 mark.

SEE ALSO:   Bitcoin Price Prediction 2018: Can cryptocurrency hit $50,000 or $100,000 this year? (Forecast 2018) - Thu Oct 18


LEAVE A REPLY

Please enter your comment!
Please enter your name here

eighteen − 7 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.