What happened with bitcoin, ethereum and dash rates over the past 24 hours.
Currently, bitcoin (Bitcoin) is fluctuating in the $7,250 – 7,590 area. Today the most probable scenario is the test of upper border.
Bullish scenario has not changed since Wednesday. The primary target for bulls is the mark of $7,590, then we can see a possible movement to the area of $7,700 – 7,800.
Perhaps today the most likely scenario is a neutral one (as it’s the most suitable for further growth). It provides a $7,590 test and a consolidation in the $7,466 – 7,590 area for a further upward breakthrough.
Bearish scenario looks rather disappointing. The nearest real level, that is able to support bitcoin, is $6,721. Buyers' interest will most possibly fix at $7,145 and $7,034 marks.
Ethereum (ETH/USD) has returned to the high-volume area of $466 – 483 (yesterday we noted that the neutral scenario is unlikely, and from the remaining, we chose the bearish one).
Bull are striving to attack the $483 mark. After that, it’s possible to see growth to $500 and a consolidation in the current area.
Neutral scenario proposes a test in the $480 – 483 direction and a consolidation in the $471 – 479 area.
Bearish scenario foresees a decline into the $445 – 453 range and then a consolidation. The scenario seems unlikely, but we could see it if bitcoin falls down to $6,721 without any support from buyers.
Dash (DASH/USD) has tested the resistance at the $272 level and returned to the $257 – 263 area which was provided by neutral scenario.
In this scenario the main target for buyers is the resistance at the $272 level. Next step is a possible growth up to $292.
Neutral scenario has not changed since Wednesday: an attack at $272 and a consolidation in the $257 – 263 area are likely.
Bears may expect a decrease into the $242 – 252 area. It’s possible to see a test towards $238.
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