Cryptomarket Analysis July 11
Main page Finance, Dash, Ethereum, Bitcoin, Cryptocurrency
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11 July
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What happened with bitcoin, ethereum and dash rates over the past 24 hours.

Bitcoin

The volume distribution of bitcoin’s (Bitcoin) rate on Tuesday indicates a complete lack of consensus between sellers and buyers. The market now analyses levels through demand searches.

Daily Scenarios

1. Bullish

Task of buyers for today is to defend current levels and make a successful attack on the $6,410 mark. Over the past 24 hours the mark has several times acted as a barrier to growth. Lack of convinced sellers at this level will open the way for $6,503.

2. Neutral

Neutral scenario proposes fluctuations in the current area with a possible downward drift.

3. Bearish

Bearish scenario foresees a test of a minimum mark and a subsequent decline to $6,132.

Ethereum

Ethereum (ETH/USD) has tested the $426 mark three times and seems to come across the interests of buyers’. In fact, we see the shaping of future long-term upward trend, which started in 2017. It’s highly desirable for bulls to keep ethereum above $390 – 400. It will act as a kind of barrier between further growth and large-scale drop to $300 or even below.

Daily Scenarios

1. Bullish

Ethereum’s minimum mark has already been tested. Within the bullish scenario we can expect a test of $440 and in case of success, a movement to $450 could happen.

2. Neutral

Neutral scenario can show a consolidation within the borders of the current area ($426 – 440).

3. Bearish

Bears may test $438 – 440 and wait for a breakthrough to $426 and then a decline to $413.

Dash

During the last 24 hours dash (DASH/USD) has actually remained still.

Daily Scenarios

1. Bullish

Bullish scenario provides a $225 test and an increase to $230.

2. Neutral

Neutral scenario consists of further consolidation in the current area with a possible $225 test.

3. Bearish

Bearish scenario hasn’t changed - a breakthrough of the support and a decline. The nearest area, which can stop the fall, lays between $190 and $200.

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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