What happened in the cryptocurrency world over the past 24 hours.
On Wednesday, the situation on the market developed in accordance with a bearish scenario with all main cryptocurrencies reached all the goals set out.
Bitcoin
Bitcoin (Bitcoin: BITCOIN) tested the control price of high-volume area ($6,130), attracted buyers’ interest and rebounded to $6,357.
Daily Scenario
At the moment bitcoin is ‘lodged’ between two high-volume areas ($6,100 – 6,200 and $6,330 – 6,410). In each area prevail buyers and sellers respectively. The situation seems unstable, so today we can expect either a drop to $6,130 or a rise to $6,358.
Ethereum
Ethereum (BITFINEX: ETH/USD.BITFINEX) tested the $347 mark and is currently consolidating in the $353 – 363 area so today we’re likely to see its continuation and fixed fluctuations within the $347 – 374 range.
Dash
On Wednesday dash (EXANTE: DASH.EXANTE) tested the support level ($170) as provided by the bearish scenario.
Daily Scenario
Taking into account the raising trend of this morning we may hope for a bullish scenario today and expect an attack on $181. In case of success further growth to $190 is possible.
Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies from the 1,700 available that a worth looking at. The losers and winners of the past 24 hours are: Patron - 62,57% growth and SRCoin - 45,32% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.
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.