Bitcoin and Ethereum Price Forecast: BTC Up following the Guidelines Published by the Regulators

Bitcoin prices have risen once again through $ 17,000 this morning as the Malaysian government and the Blockchain foundation of South Korea have published guidelines on how the bitcoin markets in their respective countries should operate. Both regulations speak more about the supervision of transactions and stricter control and monitor transactions rather than seek to impose any taxes at this time. These are moves to regulate the bitcoin industry instead of trying to put it under control or ban it altogether and, therefore, have been seen as something positive.

Prices in the Maximum Range

Many expectations were based on some announcement about taxes and the lack of such announcement so far should be a relief for investors in these countries, at least for the time being. We believe that the issue of taxation still persists and that it will eventually arise and, therefore, it is likely that its relief will be short-lived. But this also means the growing acceptance among banks and regulators that this industry is here to stay and it would be wiser to try to treat it instead of trying to ignore it.

Bitcoin 4H
After a few days of significant gains, the ETH market corrected in the last 24 hours and this is something that is expected in any upward movement. A trend has correction periods and this downward movement in ETH prices can be seen with the same objective. The price made a quick trip to the area of ​​600 dollars, but since then it has bounced and now it is trading just below the 650 area in this writing.

Forecast
As we move towards the weekend, we can see the BTC prices try to break up with the optimistic news this morning and it remains to be seen if this movement will hold and, if it does, we should see the prices moving towards the area of ​​18,000. It is likely that ETH prices will consolidate as investors withdraw the profits from the table and prepare for the next rise.

if you like the information do it demonstrate with your voting power and thanks for following the information in @h-infomation

and they can also get information about video games at @cybergame