Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, NEO: Price Analysis, July 06

Lee has a target of $20,000 and higher for Bitcoin by the end of 2018.We don't concur with his target levels from the technical analysis point of view.

Amsterdam-based speed trader Flow Traders NV, one of the largest securities traders in Europe, has entered the cryptocurrency market, as reported July 5.

BTC/USDThough Bitcoin is sustaining above the 20-day EMA, it is finding difficult to break out of the overhead resistance at $6,953.

The bulls have kept it above $450 while the bears have capped the upside at the 20-day EMA.If the bulls break out of the intraday highs of July 3, a move to $550 and thereafter to $600 should be on the cards.

Our bullish view will be invalidated if the bears break and sustain below $450. The digital currency will turn negative if it breaks below $400 levels.

It turned down without breaking out of the intraday high reached on July 3.The bulls are currently trying to hold the $736 level.

If successful, a break out above $838 should result in a rally to $1,200 with a minor resistance at $934. Therefore, we retain the buy recommendation provided in the previous analysis.

The bulls have failed to break out of the 20-day EMA, which increases the possibility of a breakdown of the support at $8.4840.If the bears sustain below $8.4840, the EOS/USD pair can slump to the bottom of the range at $6.8926.The digital currency will gain some strength once it breaks out of the downtrend line.

IOTA/USDOur recommendation to buy IOTA on a close above the downtrend line was filled on July 04.

We shall turn positive once the digital currency closes above $41.On the downside, if the zone between $35.38, which is the 61.8 percent retracement of the recent pullback, and the 20-day EMA breaks, a retest of the $30 levels is probable.