What happened with bitcoin, ethereum and dash rates over the past 24 hours.
Yesterday bitcoin took a pause and other cryptocurrencies followed. In general the market preferred a neutral scenario with a tendency towards growth. Large buyers hold on to a wait-and-see position as the control of the market moved on to short-term traders. As a result, attacks on $8,500 – 8,600 did not follow.
Ethereum and dash are currently at the same levels as yesterday morning. The situation in the market hasn’t changed much.
Today all expectations concerning bitcoin (Bitcoin) are associated with an attack at the upper border of the high-volume area. Its result will determine the further dynamics of the cryptocurrency.
Bullish scenario hasn’t changed since Wednesday: an attack on $8,600 and then $8,745. The second target is $8,880.
Neutral scenario involves further consolidation within the $8,140 – 8,430 area.
Bearish scenario also remains the same. Some support is possible at the $7,930 level. The main target of sellers is the $7,704 level.
Ethereum (ETH/USD) once again tested the border of the high-volume area ($483). Each test increases the probability of a breakthrough.
Goals of the bullish scenario haven’t changed since Wednesday. The greatest interest is caused by the $497 level. Further attack at $510 – 516 is possible.
Neutral scenario foresees fluctuations within the $471 – 478 area.
The $466 level was rejected by the market yesterday, so bearish scenario primarily involves a return to this area (preferences have changed and prices no longer seem unfairly low). The main target for sellers is $466 mark, then a decrease to $459 seems feasible.
Since July 21, dash (DASH/USD) remains in the $236 – 260 range where fluctuations are gradually declining.
The main task for buyers remains to be an attack at $256 – 260. If it’s successful, growth is likely to reach $267.
Neutral scenario proposes a consolidation in the $240 – 252 range.
Bearish scenario provides a decline to $226 with a subsequent movement towards $220.
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.