DAILY CRYPTOCURRENCY NEWS

BTC Exit Record from Exchanges

According to Glassnode data, the amount of BTC that exited the exchanges in June reached the highest level in history. The statement said that 151,000 BTC were withdrawn from crypto exchanges. This will help us to conclude that people decide to hide the Bitcoin they buy at these levels by taking it out of the exchanges and that the selling pressure may be reduced.

Blockchain Support from the Italian Government

The Italian Ministry of Economic Development has announced that it will support the work on blockchain technologies. Current blockchain projects could be applied for government support of up to $46 million. Minister Giancarlo Giorgetti said that they are preparing this package with the aim of promoting the modernization of increasingly efficient, safe and rapid management models.

Stablecoin Review at Fed Conference

In the note released at the Fed conference, he said that CDBCs do not pose a threat to the US dollar globally and that they expect that they will not have a significant impact, but that stablecoins can be considered and increased as the dominant reserve unit of the USD's global role. It was announced that these issues were evaluated at the conference on the International Roles of the US dollar held on June 16-17.

Bank of England calls for regulation

The Bank of England, in its Financial Stability Report released this week, called for strict financial regulations, pointing to the collapses in cryptocurrencies. Citing liquidation imbalances, heavily leveraged transactions and the Terra crisis as examples, he said it could lead to major problems if regulation did not take place.

Significant Decline in Bank of America Users

According to the shared data of Bank of America, one of America's largest banks, crypto money announced that it lost its investors by 50%. It's also the worst level in 10 years. In November 2021, it was announced that the number of users exceeding 1 million fell below 500,000.

Traditional Finance Initiative by MakerDAO

MakerDAO brings a traditional bank to its ecosystem. The bank will be able to borrow money in exchange for its assets by taking advantage of the DeFi system. The voting on this development is still ongoing. In the vote that concludes tomorrow, 83% of voters support the proposal. This development will meet Maker's bank standards and distribute real-world loans through the bank to be truly cooperated.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359303.74 TRY

Bitcoin fell to 19,280 levels despite closing above 20,000 yesterday. We can attribute this to the opening in the US markets and the pricing of the global recession. In addition, the fact that Celsius can start making debt payments seems to be very valuable for the market. The rescue of funds that are about to sink or their ability to save themselves will help the market to rise.

Bitcoin is priced at $20,100 today, up 0.37% in the morning. Apart from the long-term channel, BTC, which has entered a new channel when we look at the hourly chart in the last 1 week, has entered a strong channel between 18,900-20,400. BTC, which tried to break the channel upper band last night, tried many times, but could not break the channel upwards and fell to the channel middle band of 19,700. We would also like to say that BTC has a strong support at 19,300.

RESISTANCES 20.247 / 20.910 / 21.374
SUPPORTS 19.120 / 18.656 / 17.993

BITCOIN [BTC] 359303.74 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24626.83 TRY

Today, ETH, which gained 0.25% in the morning hours, is priced at $ 1135. Ethereum, which is in a channel on the hourly chart, broke the 1170 support last week and entered a $1010 supported and $1170 resistance channel. Although he tried to break the 1100 band, which is the middle band of the channel in the 4-day period, he could not break it until July 4, and then the channel advanced to the upper band but could not break upwards. For ETH, which is currently in the middle of the upper band, we can say that the 1090 level is critical in the downward movement and at the same time it seems very important and strong in the upside breakdown of the $1170 level.

RESISTANCES 1156 / 1208 / 1244
SUPPORTS 0980 / 1032 / 1068

ETHEREUM [ETH] 24626.83 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.48 TRY

AVAX, which has gained 2.11% as of the morning hours, is priced at $ 18.41. When we look at the 4-hour chart, we have seen how well the channel lower and middle band of AVAX, which is in a channel, has been working in the last two days. We see that the support level at 15.85 levels has been tested many times on the downside and then the upside has come. Currently, the channel in the 18.50 band is testing the upward breakdown of the middle band. If it manages to break the middle band, we can say that ADATA can advance to 21.90 levels.

RESISTANCES 17,97 / 18,90 / 19,56
SUPPORTS 14,79 / 15,72 / 16,38

AVALANCHE [AVAX] 319.48 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

XRP, which lost 0.74% of its value in the morning, is priced at $ 0.3228. XRP, which is in a descending triangle pattern, has tried the resistance level many times but has not been able to break it and has returned to the middle of the formation. In XRP, where we see that the pattern is shrinking considerably, we can say that a voluminous and strong breakdown may occur depending on the market.

RESISTANCES 0,3272 / 0,3376 / 0,3447
SUPPORTS 0,2922 / 0,3026 / 0,3097

RIPPLE [XRP] 8.79 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 989.15 TRY

LTC is trading at $52.08, down 0.27% as of morning hours. LTC is in a channel by the hour. Like many coins, LTC is in a channel due to Bitcoin movements and correlation. After testing the channel mid-band of 49.40, LTC rose above $50 again and we can say that the levels of 53.80, 56 and 58.5 are critical.

RESISTANCES 51,27 / 54,04 / 55,66
SUPPORTS 42,49 / 45,26 / 46,88

LITECOIN [LTC] 989.15 TRY +7.00 +0.03 VOL 21 LTC

LINK is down 0.32% at $6.30 today. LINK is available in 2 channels these days. LINK, which is currently in the middle band of its wide channel, seems to have tested the channel middle band and then returned. We can say that the 6.15 level is the channel midband and a critical level. We will also be watching it break the 6.40-6.50 level for an upside breakout from the narrow channel.

RESISTANCES 06,43 / 06,70 / 06,87
SUPPORTS 05,55 / 05,82 / 05,99

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

BAT is trading at $0.4333, down 1.81% as of morning hours. BAT, which seems to be the strongest lately, has been in a channel for close to 2 months. BAT, which is near the channel upper band of 0.44 levels, can be expected to make a breakdown while the market also seems to be on the rise. In the event that the breakout does not occur, we can say that the channel midband is working quite well and can be an opportunity.

RESISTANCES 0,4471 / 0,4677 / 0,4946
SUPPORTS 0,3521 / 0,3727 / 0,3996

BASIC ATTENTION TOKEN [BAT] 5.65 TRY +7.00 +0.03 VOL 21 BAT

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