BLOCKCHAIN MOVEMENT FROM IBM AND WORLD HEALTH ORGANIZATION TO COVID-19
DAILY CRYPTOCURRENCY ANALYSIS
BITCOIN [BTC] 578319.66 TRY
BTCUSD, which tries to hold above 20 MA in the 6258 resistance and daily chart, continues its pricing in the oversold region. If dominance in long positions continues, resistance levels 6550 and 6970 can be considered. In this context, it is thought that downward movements may occur in the cryptocurrency as long as it does not hold above 7000 levels. Permanently exceeding the specified region can be the driving force in seeing the pricing between 7000 and 8107, so that the investor may choose to realize profit realization from the region where it reduces the cost.
After testing 20 MA upward on the daily chart, ETHUSD retraced to the 126 support, which we focused on last week. In the cryptocurrency that currently tests the moving average upwards, the 138 level can be monitored as resistance. It is thought that the cryptocurrency, which could not hold above 138 resistance last week, may accelerate up to 153 level if it breaks the specified area upwards. However, for the continuity of upward movements, it is thought that it should provide maintenance above 153 resistance.
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