Cryptomarket Analysis July 10
Main page Finance, Cryptocurrency, Bitcoin, Ethereum, Dash
Hot topic
10 July
537 537
Kirill Kononovich
Columnist of Insider.pro

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

Bitcoin

Bitcoin (Bitcoin) remains in the high-volume area and in the future, we can see the development of a bullish trend as in this area, sellers have become active. Mass closing of short positions and a supply reduction will accelerate the growth after achieving $6,800 a mark.

Daily Scenarios

1. Bullish

Buyers expect to return bitcoin to a high-volume area ($6,700) and possibly test the short price of Friday/Saturday ($6,565).

2. Neutral

Neutral scenario proposes fluctuations in the current high-volume area ($6,548 – 6,606).

3. Bearish

Bears can test Friday's minimum mark and wait for a return to the $6,504 level.

Ethereum

Ethereum (ETH/USD) is mounting an attack on the minimum mark of last week. Usually, active growth starts with $452 level.

Daily Scenarios

1. Bullish

Bullish scenario provides a test of Friday's minimum mark at level of $452 and then a return to the high-volume area ($464 – 472).

2. Neutral

Neutral scenario in the current situation is very unlikely. Ethereum will return to $466 or fall into the $445 – 453 area.

3. Bearish

Bears may test the $452 level and hope for the decline to $440.

Dash

Dash (DASH/USD) has escaped the borders of the triangle and is currently moving towards the minimum marks of June.

Daily Scenarios

1. Bullish

Bullish scenario suggests focusing on the current area and a subsequent attack on $236.

2. Neutral

Neutral scenario in the current situation is difficult to imagine.

3. Bearish

Bearish scenario will depend on the behavior of buyers at the minimum mark ($216). We have two options: First option will show a consolidation and the subsequent return to the $224 – 228 area. The second one may show a breakthrough in the support level and a decline to $210.

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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