What happened with bitcoin, ethereum and dash rates over the past 24 hours.
Bitcoin
Wednesday’s minimum mark came out as the bitcoin’s (Bitcoin: BITCOIN) support level. Currently, the cryptocurrency is testing the mark again.
Daily Scenarios
1. Bullish
Bullish scenario assumes a test of Tuesday’s benchmark price ($6,629) and a subsequent movement to $6,727.
2. Neutral
It’s rather possible to fix fluctuations in the current area with a gradual drift towards the $6400 direction.
3. Bearish
In this scenario bitcoin can test a lower-volume area ($6,222) and return to last Saturday-Monday’s range ($6.280 – 6,420).
Ethereum
Ethereum (BITFINEX: ETH/USD.BITFINEX) moves to the target, provided by the bearish scenario of Thursday ($440). At the moment, ethereum is in the high-volume area, so we can witness some consolidation before the fall.
Daily Scenarios
1. Bullish
Bullish scenario proposes a consolidation in the current area, and emergence of the buyers that would test $466. Under these circumstances this scenario is unlikely.
2. Neutral
Neutral scenario can show result in a test of $457 and a return to the current area.
3. Bearish
Bears are waiting for a consolidation and then an attack at the $440 level with a subsequent rebound to $450.
Dash
Currently, dash (EXANTE: DASH.EXANTE) is following the nominal trend line. For the future mid-term growth, dash should continue supporting this trend. Future scenario will depend on it.
Daily Scenarios
1. Bullish
In bullish scenario the trend line presents as a support, the cryptocurrency returns to $245 and then makes an attack on $250 - 252.
2. Neutral
We can foresee fluctuations in the current area with a drift to the $242 direction.
3. Bearish
Bearish scenario involves breaking a trend, testing of Wednesday’s minimum mark ($230) with a possible attack of $224 and a subsequent rollback to $232.
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