DAILY CRYPTOCURRENCY NEWS

BİTCOİN OPTİON CONTRACTS POİNT TO CORPORATE VOLUME

According to the CryptoCompare report, the issued option contracts are gaining popularity. The total volume of Bitcoin option contracts at the Chicago Mercantile Exchange (CME) rose 41 percent in June, climbing to the all-time high of 8.444 contracts on a monthly basis. Volume increase on CME is a good sign for those who are waiting for institutionalization, which will act as a pioneer for Bitcoin and other cryptocurrencies. This can also be observed in funds such as GBTC, which make up 80% of corporate investors and currently manage $ 4.1 billion worth of digital assets. Barry Silbert, CEO of GBTC Digital Currency Group, announced that the fund has experienced the biggest growth ever.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 673962.17 TRY

Testing the 9330 level and channel resistance periodically, BTCUSD is priced at the balance level. If an increase in the volume of long positions occurs and the channel resistance breaks, an upward reaction may be expected in the cryptocurrency. In this context, 9500 and 9723 levels can be considered in the first place. In the event of a return from channel resistance, sales pressure may accelerate. In this case, intermediate support 9220 and 9150 can be monitored. It is beneficial to pay attention to the middle of the channel in the retracement scenario that may occur.

RESISTANCES 64000 - 64400 - 64900

SUPPORTS 63370 - 62753 - 61866

BITCOIN [BTC] 673962.17 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 50198.01 TRY

Maintaining its pricing in the overbought territory, ETHUSD is testing critical 241 resistance. 237 and 234 supports can be monitored in case of selling pressure in the cryptocurrency that cannot catch enough volume to break the resistance. However, if the 241 resistance can be broken, 246 and 253 resistors may come to the agenda following the acceleration.

RESISTANCES 241 - 246 - 253

SUPPORTS 236 - 228 - 223