What happened with bitcoin, ethereum and dash rates over the past 24 hours.
Bitcoin
Bitcoin (Bitcoin: BITCOIN) returned to the $6,452 level, but its decline still appears to be a bit incomplete. A test of consolidation area ($6,315 - 6,417), which was fixed on Saturday, Sunday and Monday, is most likely.
Daily Scenarios
1. Bullish
Bullish scenario assumes a return to the $6,577 level, an attack on $6,605 and a further movement to $6,727.
2. Neutral
We can probably see fluctuations in the $6,435 - 6,537 range with a possible test in the $6,350 direction.
3. Bearish
Bearish scenario provides a decline to $6,340, a consolidation, and a test of the minimum mark ($6,227).
Ethereum
Ethereum (BITFINEX: ETH/USD.BITFINEX) remains in the high-volume area. Today ethereum can test both its boundaries (depending on the scenario).
Daily Scenarios
1. Bullish
Main task for ethereum is to test the upper boundary ($483) in this scenario. It is very likely to happen if the cryptocurrency manages to conquer the $470 mark.
2. Neutral
Unsuccessful attempt to go downwards may cause a consolidation at the control price ($460).
3. Bearish
Bears are hoping to test the lower boundary ($440) and are expecting fluctuations in the $445 - 452 area.
Dash
Morning breakthrough to the $230 level showed that buyers are active. Keeping this in mind, bullish or neutral scenarios for dash (EXANTE: DASH.EXANTE) seem preferable.
Daily Scenarios
1. Bullish
In the previous days dash has passed the $242 - 250 range very quickly. Apparently, buyers and sellers can’t reach a consensus. Today we see similar dynamics. The bullish scenario provides small consolidation at the current level, an active growth to $253 with a subsequent attack on $260.
2. Neutral
It’s possible to see fluctuations in the $232 - 242 area.
3. Bearish
Bears are eager to meet a breakthrough of the $230 support and a drop to $221 - 223.
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