When we look at the crypto market as of the end of the week, we see that the return of BTC and ETH from the strong support levels at the levels of $ 22,700 and $ 1670 has created a very positive atmosphere in the market and this strong stance in these 2 largest coins has brought the rise in altcoins. Although the Unemployment and Non-Farm Employment data published last week is thought to lead to demand inflation, the positive evaluation and the continuation of money inflow into the cryptocurrency markets have made a good start to the week.

Bitcoin is pricing in at $23,321 today, up 0.63% in the morning. Bitcoin fell to 23,000 levels on August 1 and switched to a strong horizontal channel movement. BTC, which moved between the $ 700 range in the 1-week period, showed a strong stance in the channel although it could not break upwards. When we look at the daily chart, BTC, which has managed to break the downward trend, is experiencing a volumeless rise as of last night hours. We can say that the $23,500 level is critical in BTC, which is currently advancing to the upper band of its channel.

Today, ETH, which gained 0.64% in the morning hours, is priced at $ 1710. Ethereum's breaking above the 1670 level on Friday pushed the price back above the 1700 levels. ETH, which is currently in a channel between the 1670-1750 levels, continues to test the support and resistance points of the channel on a double side. In addition, Ethereum seems to have broken the 4-month downward trend on the daily chart.

AVAX, which has gained 0.86% as of the morning hours, is priced at $ 28.16. AVAX, one of the coins that spent the weekend the best, reached the level of $ 28 by breaking the very strong resistance levels upwards by catching a 20% rise as of Friday. When we look at the daily chart, we can say that the next target is the $ 32 level in AVAX, which broke the 4-month downward trend upwards as of Friday.

XRP, which gained 0.51% with the morning hours, is priced at $ 0.3741. Ripple is one of the rare coins that lost value over the weekend. Ripple, which is located in a symmetrical triangle, has not been able to perform the breakdown even though it has carried out double-sided tests. We can say that the pattern in Ripple, which is currently in the middle of the formation, has shrunk and the positive mood in the market will bring an upward breakdown in Ripple.
 

LTC is trading at $61.42, up 0.54% as of the morning hours. The LTC descending triangle pattern continues. LTC, which tested the resistance level several times for the channel breakout after seeing support at the $60 level, experienced a reversal each time. We can say that the retest may come in LTC, which has caught a similar movement during the night hours, and it can break out in this period when altcoins are so strong.

LINK is pricing in at $8.42, up 0.92% today. LINK has become one of the most upward movement coins of recent times. LINK, which is expected to switch to the staking system, has become one of the best performing coins among altcoins. LINK, which strongly broke the resistance level of 8.15 in the ascending triangle pattern with high volume, continued its rise afterwards. LINK, which is currently priced at 8.43, continues its movement with a target of $ 11.
 

BAT is trading at $0.4383, up 2.07% as of morning hours. Although the BAT reached 0.46 levels after breaking the upside of the falling triangle pattern yesterday, it returned to support levels. Although there is an upward mood in the market, we can say that BAT will retest the support level if there is no upward breakdown in BTC and ETH. It can then break down depending on the volume and pyiasa status. In the event of an upward breakdown in ETH and BTC, it may break the horizontal channels it has been in for months.