Cryptomarket Analysis September 20

What happened in the cryptocurrency world over the past 24 hours.

On Wednesday the situation in the cryptocurrency market developed according to a neutral scenario. The puncture which followed the news of hacking at the the cryptoexchange Zaif showed the presence of a sufficient number of buyers near the local minimum marks.

Yesterday buyers not only immediately brought the decrease to the level of $6,130 but also took bitcoin (Bitcoin: BITCOIN) to the higher levels. Yesterday's neutral scenario envisaged a gradual drift to the control price of the area. That is what we observe right now, despite the fluctuations caused by the news. Until SEC’s decision, bitcoin is likely to stay at the current levels - apparently, this suits both buyers and sellers. The main scenarios haven’t changed much since Wednesday.

Time-lapse: on September 20, 2017, the bitcoin fixed at $3,933.

BTC chart by TradingView

The neutral scenario provides fluctuations in the $6,335 - 6,520 range. The present positive or negative development of the situation is connected with an exit beyond the $6,598 and $6100 - 6,130 levels.

Ethereum (BITFINEX: ETH/USD.BITFINEX) tested the $186 - 201 area, and it was immediately rejected by the market participants. The cryptocurrency gradually accumulates the volume in the current area, working with the levels that were previously considered unattractive. Further dynamics of ethereum will most likely be determined by the behavior of the rest of the market.

Time-lapse: on September 20, 2017, ethereum stopped at $283,23.

ETH chart by TradingView

Today the scenario involves consolidation in the $207 - 215 range with probable drift in the direction of $224 level.

Dash (EXANTE: DASH.EXANTE) once again confirmed the borders of the triangle. Every day the picture becomes more fascinating.

Time-lapse: on September 20, 2017 dash showed almost the same level as the previous day and fixed at $326,62.

DASH chart by TradingView

The neutral scenario is especially interesting today, as there are almost no places in the triangle.

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: LATOKEN with 64,46% growth, and Mindexcoin with 72,09% 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.