Cryptocurrencies price prediction: Bitcoin, DASH, & Ethereum - European Wrap - 8 October
|Bitcoin price analysis: BTC/USD recovery hampered under $8,400, $8,000 support remains vulnerable
The market is retreating fast after most of the major cryptocurrencies failed to break past critical hurdles. Bitcoin, for instance, took the bullish action above $8,000 but failed to sustain gains above $8,300. The critical hurdle at $8,400 was not untested leaving a wide gap to be explored by the sellers.
Dash price analysis: DASH/USD defiantly bullish, holding on the 2.25% intraday gains
Dash bulls are intent on pushing gains higher on the day following an incredible bullish wave on Monday. While other cryptos retreat, from the weekly highs, Dash has extended the action above $74. An intraday high has been formed at $74.15, although DASH/USD is adjusting the current price around $73.33.
Ethereum market update: $200.00 is a possibility for ETH/USD
ETH/USD jumped back above $180.00 barrier, as the cryptocurrency market sentiments improved following Bitcoin’s move above $8,000. At the time of writing, ETH/USD is changing hands at $180.90 with the short-term bullish bias. The second-largest digital asset with the current market value has gained 6.5% on a day-on-day basis and 1% since the beginning of the day.
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