What happened in the cryptocurrency world over the past 24 hours.
On Thursday the cryptocurrency market preferred to follow a bullish scenario. Bitcoin fulfilled all the goals of the plan, ethereum was stronger than the market and dash was slightly behind.
Bitcoin
Bitcoin (Bitcoin: BITCOIN) came very close to the upper border of the consolidation area of September, 6-13. Now, the most likely target is the $6,920 mark, which was a starting point of the second phase of the fall in September,6.
Time lapse: on September 14, 2017 bitcoin price fixed at $3,801.
Daily Scenario
BTC chart by TradingView
Over the past day bulls had launched a very successful offensive. Now they need to overcome the upper border of the high-volume area ($6,598). After that, the road to $6,920 and $7,049 will be opened. The global goal for the weekend is to fix in the area of control price ($7,049) and test its upper border - $7,173.
It should be noted that today bitcoin may prefer a neutral scenario with a consolidation near $6,442, but the main growth will occur at Saturday or Sunday night - the period when most traders aren’t active in the market.
Ethereum
Ethereum (BITFINEX: ETH/USD.BITFINEX) for the second day in a row is exceeding the goals of the bullish scenario. The cryptocurrency entered the $212 - 238 area and returned to the levels similar to the current position of bitcoin (they stopped the fall of September, 6).
Time lapse: on September 14, 2017 ethereum deeply dropped and stopped at $268,17.
Daily Scenario
ETH chart by TradingView
Today buyers need to overcome the control price of $224 and consolidate within its area. The global target for the weekend is $259.
Dash
Dash (EXANTE: DASH.EXANTE) fulfilled primary goals of the bullish scenario and fixed above $188. The cryptocurrency is slowly moving to the maximum marks of September, 10.
Time lapse: on September 14, 2017 dash was decreasing and fixed at $292,53.
Daily Scenario
DASH chart by TradingView
Today the primary task for bulls is to test the range of $206 - 209. If the rest of the market follows the bullish scenario, it’s possible to see an attack at maximum marks of early September ($223 - 227) and growth of up to $236.
Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies worth taking a closer look at. The losers and winners of the past 24 hours are: BaaSid with 87,23% growth and eosBLACK with 59,44% 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.