Cryptomarket Analysis July 4
Main page Finance, Cryptocurrency, Bitcoin, Ethereum, Dash
Hot topic
4 July
457 457
Kirill Kononovich
Columnist of Insider.pro

What happened with bitcoin, ethereum and dash rates over the past 24 hours.

Bitcoin

Bitcoin (Bitcoin) returned to the $6,452 level, but its decline still appears to be a bit incomplete. A test of consolidation area ($6,315 - 6,417), which was fixed on Saturday, Sunday and Monday, is most likely.

Daily Scenarios

1. Bullish

Bullish scenario assumes a return to the $6,577 level, an attack on $6,605 and a further movement to $6,727.

2. Neutral

We can probably see fluctuations in the $6,435 - 6,537 range with a possible test in the $6,350 direction.

3. Bearish

Bearish scenario provides a decline to $6,340, a consolidation, and a test of the minimum mark ($6,227).

Ethereum

Ethereum (ETH/USD) remains in the high-volume area. Today ethereum can test both its boundaries (depending on the scenario).

Daily Scenarios

1. Bullish

Main task for ethereum is to test the upper boundary ($483) in this scenario. It is very likely to happen if the cryptocurrency manages to conquer the $470 mark.

2. Neutral

Unsuccessful attempt to go downwards may cause a consolidation at the control price ($460).

3. Bearish

Bears are hoping to test the lower boundary ($440) and are expecting fluctuations in the $445 - 452 area.

Dash

Morning breakthrough to the $230 level showed that buyers are active. Keeping this in mind, bullish or neutral scenarios for dash (DASH/USD) seem preferable.

Daily Scenarios

1. Bullish

In the previous days dash has passed the $242 - 250 range very quickly. Apparently, buyers and sellers can’t reach a consensus. Today we see similar dynamics. The bullish scenario provides small consolidation at the current level, an active growth to $253 with a subsequent attack on $260.

2. Neutral

It’s possible to see fluctuations in the $232 - 242 area.

3. Bearish

Bears are eager to meet a breakthrough of the $230 support and a drop to $221 - 223.

Trading in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and Insider.pro are not liable for the potential losses incurred.

By Yana Sher

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