Bitcoin gained a 1,20% value during morning hours; the current price is $62.730. Open positions in Bitcoin futures on the Chicago Mercantile Exchange (CME) have now reached the level of $3,6 billion, which is higher than the previous record set in February. Unlike other derivatives exchanges, CME is the primary resource for US-based institutional investors who want to invest in futures Bitcoin. Open transactions rise to $3,6T, and we can interpret this as interest grows on the institutional investment side.

When we consider the BTC/USDT pair technically, we see that the progress is positive. There are no reversal signals in the daily metrics; the intersection of DEMA-7 with DEMA-14 still gives a buy signal. Bitcoin retreated yesterday in intraday trading, wiped its loss out towards the daily close, and continued its rise with an above-average transaction volume. Our first price target for BTC is the previous peak level of $64.899.

Ethereum gained a 2,45% value during morning hours, and the current price is $3840. Glassnode reported that Ethereum addresses with above 1 ETH had seen a significant rise. On Friday, October 15th, the number of addresses hit 1,341,789. This is the highest figure ever achieved. As the metric suggests, the interest of crypto investors in Ethereum continues.

When we consider the ETH/USDT pair technically, ETH, which broke the neckline in the head-and-shoulders pattern ($3685) on September 14, retested this level again yesterday. When we check the transaction volume in ETH, which is holding above this level with the support, it seems it remains below the average. ETH has not changed its pattern so far; our price expectation is $4600, the head-and-shoulders pattern target.

AVAX gained a 1,55% value during morning hours, and the current price is $56,38. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel as of August 18, is priced at levels very close to the channel sub-band. AVAX has a stagnated price movement along with a downward trend as of September 23. If it breaks the $58,19 level (50-MA) and the trend and closes the day above, it can rise to $80.

Ripple gained a 1,40% value during morning hours, and the current price is $1,0977. When we consider the XRP/USDT pair technically, XRP, which closed the day below the 50-MA of $1.0847, by the sales below the volume average yesterday, has started to price above it again as of this morning. A buy signal from MACD can disappear as of this morning, according to the daily chart. Although it is impossible to comment before the daily close, there is a recovery in short-term metrics. We do not expect sharp declines for XRP as long as its holds on to the 50-MA.

LTC gained a 2,91% value during morning hours, and the current price is $191. When we consider the LTC/USDT pair technically, LTC, which had been moving between 50-and 200-MA for a long time, broke the 200-MA level ($188,8) upwards as of this morning. MACD still gives a buy signal, and in the short metrics, there is no negative divergence. If LTC closes the day above 200-MA, it will sedate sales pressure and trigger a rise.

LINK gained a 1,76% value during morning hours, and the current price is $26,20. When we consider the LINK/USDT pair technically, LINK dropped below the 50-MA level ($26,89), stochastic gives a sell signal in the daily chart. LINK, which retreated to $24,81 (Fibo'61,80) yesterday, started the day upward with support from this zone. LINK has had a sideways trend for a long time. The current sales pressure will not end as long as LINK does not break the $27,48 level (200-MA) upwards.

BAT gained a 1,1% value during morning hours, and the current price is $0,6887. When we consider the BAT/USDT pair technically, BAT, which found support at $0.6762 (Fibo '50) yesterday, experienced a slight rise this morning. As of October 12, BAT found support at this Fibo'50 tranche, and it is vital to keep it. The daily chart showed MACD gave a sell signal in the candle close. However, if the $0.6762 level breaches, this may lead to another downward price movement.