DAILY CRYPTOCURRENCY NEWS

Bitcoin Hits All-Time High Above $65,000

After the first US-approved Bitcoin futures exchange-traded fund, Bitcoin price has reached all-time high, surpassing $65,000.

Ripple Partners with UAE-Based Foreign Exchange Company

Ripple, the distributed ledger company, has entered into a partnership with Al Ansari Exchange, a Dubai-based money transfer and currency exchange company, according to a statement on Wednesday.

$2.21 Trillion Investment Manager Pimco Starts Exploring Crypto

According to a report published by CNBC, global investment management firm Pimco plans to start trading cryptocurrencies. During CNBC's Delivering Alpha conference, Daniel Ivascyn, Pimco's chief investment officer, said that the $2.21 trillion investment management firm wants to integrate cryptocurrency into its business gradually.

VanEck Receives SEC Approval: Launching Bitcoin futures ETF Next Week

VanEck revealed it had approval from the SEC, and it’s now fully authorized to launch its BTC fund next week, according to the statement on October 23, Saturday.

Mt. Gox Trustee Announces Approval of Rehabilitation Plan

Now-defunct crypto exchange Mt. Got creditors have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin.

DeFi TVL Reaches a Record High of Over $233 Billion

The total value locked in DeFi protocols, rising token prices and the increased integration of stablecoins have raised the TVL metric to a record high of $ 233.8 billion.

Billionaire Paul Tudor Jones Prefers Crypto Instead of Gold as a Hedge against Inflation

Billionaire hedge fund manager Paul Tudor Jones said that Bitcoin is currently "winning the race against gold". He preferred crypto to gold as a hedge against inflation, added he.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350003.60 TRY

Bitcoin lost a 1,70% value during morning hours; the current price is $64.856. After the first US-approved Bitcoin futures exchange-traded fund, Bitcoin price has reached an all-time high, surpassing $65,000. We think that this positivity will continue in the coming period.

As we mentioned yesterday, when we consider the BTC/USDT pair technically, the positive progress and price movement continue. Notably, there has been above-average volume for the last three days, and this volume has broken the peak level on April 14. Bitcoin is priced close to the upper band of the ascending channel that exists as of July 20. if it holds on to the previous peak level, which was $64.899, we expect that rises towards $70.000 will continue.

RESISTANCES 66.909 / 68.718 / 70.437
SUPPORTS 63.381 / 61.662 / 59.853

BITCOIN [BTC] 350003.60 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24233.88 TRY

Ethereum gained a 0,15% value during morning hours, and the current price is $4164. The total value locked in DeFi protocols, rising token prices and the increased integration of stablecoins have raised the TVL metric to a record high of $ 233.8 billion. The rise of the total amount of assets locked in DeFi protocols, the vast majority of which are in the Ethereum ecosystem, is also read as one of the elements that trigger the ETH price movement.

When we consider the ETH/USDT pair technically, it broke the peak level on September 3 of $4027 upwards with the above volume. ETH outperformed Bitcoin yesterday, gaining about 4.5 percent against BTC. There is no negative signal on the short and daily metrics in ETH, which continues to rise towards the $4600 price target, which is also the head-and-shoulders pattern target. We are waiting for the uptrend to continue.

RESISTANCES 4332 / 4489 / 4742
SUPPORTS 3512 / 3670 / 3922

ETHEREUM [ETH] 24233.88 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.96 TRY

AVAX gained a 2,95% value during morning hours, and the current price is $61,26. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel since Aug. 18, is priced at levels near the lower band of the channel. AVAX broke the downtrend as of September 23; yesterday, it also broke the $58,56  level and 50-MA upwards and closed the day. As long AVAX holds onto 50MA, we expect rises towards our first price target of $80.

RESISTANCES 63,97 / 66,58 / 70,17
SUPPORTS 51,57 / 54,18 / 57,77

AVALANCHE [AVAX] 316.96 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.15 TRY

Ripple lost a 0,70% value during morning hours, and the current price is $1,1358. Ripple, which continues to stream positive news about the project, announced on Wednesday that Ripple, a distributed ledger company, has formed a partnership with Al Ansari Exchange, a Dubai-based money transfer and currency exchange company.

When we consider the XRP/USDT pair technically, XRP has found support from $1,08 (50-MA) for a couple of days and closed the day above $1,14 (Fibo'78,60) yesterday, increasing about 5%. Short-term metrics also support the rise in XRP, which we have seen the MACD signal buy again in the daily chart. If XRP closes the day above $1.1585, which coincides with the descending trend in the 4-hour chart, the rises towards the $1.41 level may continue.

RESISTANCES 1,1749 / 1,2055 / 1,2483
SUPPORTS 1,0281 / 1,0587 / 1,1015

RIPPLE [XRP] 8.15 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 962.20 TRY

LTC lost a 0,10% value during morning hours; the current price is $207. When we consider the LTC/USDT pair technically, LTC, which had been moving between 50-and 200-MA for a long time, closed the day at the 200-MA level ($188,8) yesterday. Yesterday, as Bitcoin broke its historic peak upwards, as the pressure on sales decreased throughout the market, LTC also increased by about 10 percent with above-average transaction volume. Our next price target for LTC, which also broke $195.7 dollar level, which coincides with the Fibo '78.60 zone, is $232.

RESISTANCES 219,59 / 230,91 / 247,73
SUPPORTS 163,31 / 174,63 / 191,45

LITECOIN [LTC] 962.20 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,30% value during morning hours, and the current price is $27,42. When we consider the LINK/USDT pair technically, we see that there is a daily close above the 50- and 200-day moving average with a rise of more than 6 percent. It is critical to hold above the 200-MA for LINK, which also receives a buy signal from stochastic. As long as it holds onto $27.5, an increase towards $ 35 level will come true.

RESISTANCES 28,46 / 29,34 / 30,67
SUPPORTS 24,04 / 24,92 / 26,25

BASIC ATTENTION TOKEN [BAT] 5.45 TRY

BAT gained a 0,20% value during morning hours, and the current price is $0,7128. When we consider the BAT/USDT pair technically, as we mentioned in the bulletin yesterday, BAT, which has found support at $0.6762 (Fibo'50) for a long time, rose again yesterday with the same support and along with Bitcoin breaking the peak level. BAT, which is testing the existing downtrend as of September 9 this morning, continues to price below this trend. If it closes the day above this trend and holds onto in the daily chart, there may be rapid rises towards $0.84.

RESISTANCES 0,7355 / 0,7580 / 0,7897
SUPPORTS 0,6271 / 0,6496 / 0,6813

BASIC ATTENTION TOKEN [BAT] 5.45 TRY +7.00 +0.03 VOL 21 BAT

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