What happened with bitcoin, ethereum and dash rates over the past 24 hours.
Bitcoin
After news broke that Korean Bithumb cryptoexchange was hacked into, bitcoin (Bitcoin: BITCOIN) fell out of the consolidation region. The current situation seems to be sustainable, but a return to the level above $ 6,675 is possible.
Daily Scenarios
1. Bullish
It’s possible to expect a return to the consolidation region of $6,675 – 6,750 and a testing of Tuesday’s maximum mark.
2. Neutral
Highly likely we will see a consolidation in the region of $6,560 – 6,630.
3. Bearish
We can assume a gradual drift to the $6,470 level and a test of Monday’s minimum mark.
Ethereum
Ethereum (BITFINEX: ETH/USD.BITFINEX) has held a stronger position in comparison to other currencies yesterday. It tested the upper boundary of the high-volume region and even launched an attack on the $550 level. However, the negative news forced ethereum to return to the lower sub-region of $515 - 525.
Daily Scenarios
1. Bullish
It’s possible to expect a breakthrough into the upper sub-region, a moderate consolidation and then an attack at the level of $560.
2. Neutral
We can predict price valuations within the boundaries of high-volume region with a possible transfer into its upper part.
3. Bearish
We hope to see a consolidation within the boundaries of lower sub-region with a subsequent price drop to the range of $490 – 500.
Dash
Dash (EXANTE: DASH.EXANTE) has been trading in the region of $250 – 270 over the last week, and its attempts to break away are fruitless. That indicates a certain balance between the buyers and sellers and hints at a possibility that the dynamics will be upheld.
Daily Scenarios
1. Bullish
We can consider an attack at the maximum range of $270 and a fixing at the upper boundary.
2. Neutral
It’s probable that we will see a drift to the lower boundary of a range $250 and a return to the $235 level.
3. Bearish
An alternative would be a decline to the $250 level and a test of local minimum mark of $235.
The trade 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