Cryptomarket Analysis July 9
Main page Finance, Cryptocurrency, Bitcoin, Ethereum
Hot topic
9 July

What happened with bitcoin, ethereum and dash rates over the past weekend.

Bitcoin

After July 4, bitcoin (Bitcoin) price has rolled back to its previous level and dropped even lower. Sellers will activate at the level of $7,000 (which investors can call a non-player barrier between bulls and bears). In June, this marked the level, where the decline began.

Daily Scenarios

1. Bullish

Today the main goal for buyers is to attack the resistance at $6,850. If the attack is successful, the next target will be May’s minimum mark $7,100.

2. Neutral

At night bitcoin was checking at the lower border of the high-volume area. We can expect a return to the $6,727 and then a test of $6,770 mark (top of the border).

3. Bearish

In this scenario bitcoin may return to $6,503 – 6,626 area.

Ethereum

Ethereum (ETH/USD) attempted to exit the high-volume area ($458 – 483). For further growth it’s necessary for ethereum to fix above $483, then worth hoping for the movement to $516.

Daily Scenarios

1. Bullish

Bullish scenario provides an attack on the maximum mark of Sunday ($495), a small consolidation (up to $486) and an increase in the direction of $516.

2. Neutral

It’s obvious to see a consolidation in the current area with a test of maximum mark of Sunday.

3. Bearish

Bears may test the $486 level and wait for a return to the high-volume area.

Dash

In the nearest future dash (DASH/USD) should break the borders of the triangle.

Daily Scenarios

1. Bullish

Bullish scenario foresees a test of $245 – 246 area, a subsequent small rollback to $244 and an attack towards $252.

2. Neutral

We can predict fluctuations in the current area (further energy accumulation for a subsequent breakthrough).

3. Bearish

Bearish scenario assumes a test of $245, then a decline to $240, a break of the trend and a movement to the minimum mark of July 4 ($230).

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

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