DAILY CRYPTOCURRENCY NEWS

BBVA Switzerland Adds Ethereum

The Swiss franchise of the Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has recently announced the addition of Ethereum to the bank's custody service by expanding its cryptocurrency trading service. BBVA Switzerland had started offering Bitcoin trading and custody service to all private banking customers in June.

Elon Musk Says Bitcoin Suitable for Store of Value

The richest person globally, Tesla and SpaceX CEO Elon Musk, has been named "Person of the Year" for 2021 by Time Magazine. In an interview with the magazine published on Monday, Musk talked about cryptocurrencies Bitcoin and Dogecoin.

Crypto Bull Cathie Wood Says the Value of Ethereum Is Even More Undervalued

The CEO always expresses the belief that Bitcoin is still largely lower than its original value and that there is still a lot to do in the coming years. However, Wood pointed out that the actual value of the number-one altcoin Ethereum is not as well understood as Bitcoin.

German Savings Banks Will Consider a Crypto Currency Investment Service for Customers

Savings banks, the dominant German financial institution, will vote early next year on approving cryptocurrency investment for their customers. If approved, 50 million savings bank customers will buy and sell cryptocurrency directly through ordinary savings accounts. Germany, the largest economy in Europe in terms of GDP, promises to be increasingly exposed to cryptocurrency investments.

Bank of England Calls for Global Tightening of Cryptocurrency Regulation

The regulatory and legal frameworks for crypto assets need to be increased both domestically and globally to combat the fast-moving market, the Bank of England (BOE) said on Monday.

Small Ethereum Investors Increase the Risk, As ETH Loses $4K Level
Ethereum's native token Ether fell by over 20% after reaching an all-time high of $4,867 on November 10. However, the decline did not deter retail investors from buying ETH in small quantities. According to data collected by Glassnode, the number of Ethereum wallets with at least 0,1 ETH balance continued to rise even though Ether fixed it from $ 4.867 to $ 3.575, and eventually reached an all-time high of 6,37 million on December 12. While smaller retail investors seem to have been accumulating Ether, their larger counterparts look conflicted.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349792.52 TRY

Bitcoin gained a 0,90% value during morning hours; the current price is $47.131. The richest person globally, Tesla and SpaceX CEO Elon Musk, has been named "Person of the Year" for 2021 by Time Magazine. In an interview with the magazine published on Monday, Musk talked about cryptocurrencies Bitcoin and Dogecoin. Elon Musk said in this interview that Bitcoin is suitable for a store of value.

When we consider the BTC/USDT pair technically, BTC, which continues to move below the current downward trend as of November 10, recently received a buy signal along with the intersection of DEMAS (7 and 14-day) in the daily chart, although yesterday's sharp decline caused the sell signal to come again. As we mentioned in the bulletin yesterday, important statements are expected from the Fed meeting this week. It is worth waiting for clearer turn signals during this period, when the FED and many central banks are also meeting.

RESISTANCES 49.049 / 51.215 / 53.096
SUPPORTS 45.002 / 43.121 / 40.955

BITCOIN [BTC] 349792.52 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24225.66 TRY

Ethereum gained a 0,10% value during morning hours, and the current price is $3790. The Swiss franchise of the Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has recently announced the addition of Ethereum to the bank's custody service by expanding its cryptocurrency trading service. BBVA Switzerland had started offering Bitcoin trading and custody service to all private banking customers in June.

When we consider the ETH/USDT pair technically, ETH, which broke down the $3940-4030 band with a daily trading volume above the average yesterday, made its daily close below this support level. If this level is broken in ETH, which has found support at the level of $ 3680 (Fibo'50 zone), with the retracements experienced since the November 10 peak level of $4868, it is expected that the retracement towards the $ 3520-3444 band will continue. 

RESISTANCES 3994 / 4212 / 4374
SUPPORTS 3232 / 3451 / 3613

ETHEREUM [ETH] 24225.66 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.27 TRY

AVAX gained a 0,50% value during morning hours, and the current price is $79,56. When we consider the AVAX/USDT pair technically, AVAX, which broke the ascending channel as of August recently, retreated to the zone marked with blue on Friday after the sharp fall again. AVAX, which also tested the $76.45 level (Fibo'38.20), may retreat to the $70.5 and $65.3 levels, respectively, if it loses the support zone located here.

RESISTANCES 85,81 / 93,20 / 98,36
SUPPORTS 60,71 / 68,10 / 73,26

AVALANCHE [AVAX] 316.27 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.19 TRY

Ripple gained a 0,95% value during morning hours, and the current price is $0,7873. When we consider the XRP/USDT pair technically, XRP continues price action inside the downward trend on September 7. However, it broke the channel above the average yesterday. If the price does not return to the channel again in XRP, which has retested the lower line of the channel this morning, the retracement may deepen. Sales pressure is not expected to decrease until the downtrend is broken upwards.

RESISTANCES 0,8286 / 0,8716 / 0,9054
SUPPORTS 0,6750 / 0,7180 / 0,7518

RIPPLE [XRP] 8.19 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 963.60 TRY

LTC gained a 0,60% value during morning hours, and the current price is $145,7. When we consider the LTC/USDT pair technically, LTC has a sideways trend and continues price action below the $173 level (200MA). However, the volatility has decreased after the sharp fall. LTC, which retreated to the support zone marked with blue again with the sharp falls experienced throughout the market yesterday, is seen as having found support in the morning. The daily close below $141 may bring with it a pullback up to $130 levels.

RESISTANCES 154,30 / 162,90 / 168,89
SUPPORTS 125,12 / 133,72 / 139,71

LITECOIN [LTC] 963.60 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,35% value during morning hours, and the current price is $18,03. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel as of July 2020, closed the day below the lower line. If LINK cannot create a buying zone and holds onto the channel lower line, it might retreat to the $15,30 level. 

RESISTANCES 19,28 / 20,59 / 21,57
SUPPORTS 14,70 / 16,01 / 16,99

BASIC ATTENTION TOKEN [BAT] 5.46 TRY

BAT lost 0,80% value during morning hours, and the current price is $1,0251. When we consider the BAT/USDT pair technically, BAT broke uptrend on 30 October yesterday and closed the day below this support level. It is retesting the trend this morning. If the trend does not break upward again, a retreat towards the 0.88-dollar level is expected.

RESISTANCES 1,1104 / 1,2005 / 1,2538
SUPPORTS 0,8236 / 0,9137 / 0,9670

BASIC ATTENTION TOKEN [BAT] 5.46 TRY +7.00 +0.03 VOL 21 BAT

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