Bitcoin Analysis - Bitcoin price climbed to $ 18,500, the highest level in the last 3 years, and came close to its record level of $ 20,000. However, according to our social media analysis, 50 thousand different people tweeted BTC yesterday. Although there is a general sales pressure in the markets after the increase in COVID cases, Pfizer begins vaccine trials. The market's desire to correct against vaccine news may be shorter. When we consider the price of Bitcoin quantitatively, the MVRZ score reached 3.0, reaching the highest level in the last two years. Thus, while it is seen that there is no excessive premiums as a result of the appreciation in prices, we can talk about the possibility of foaming in the price with the purchase of corporations.

When we consider BTC / USD technically; The bullish channel was broken on the upside and tested the levels of 18,500, surpassing the January 2018 record level of $ 17,200, showing that their resistance could be broken. Considering the possibility of stabilizing the rises after this rally in BTC, which goes uncorrected in prices, we follow the withdrawals that may occur from the support levels below. The outlook is positive and bullish.

Ethereum Analysis- Ethereum accelerated its momentum by approaching the $ 500 level at midnight with the activity that started yesterday evening. With the end of the farming for UNI tokens of the decentralized exchange Uniswap, 250 thousand ETH ($ 1.45ml) were released. For the ETH 2.0 update, 20% of the ETH amount to be staked (which must be locked to the system) has been reached.

Although it is a very difficult possibility for the update to reach December 1, we can say that the sooner it is postponed, the more the trend will not break from the rise. ETH contract volumes climbed to an 8-month high. We can see from the Glass node data that this volume is caused by the ETHs that move within 1 day and 1 week. Therefore, we see the rotation in the crypto market shifting to Bitcoin and Ethereum.

Technically, we can say that the flag in the 4-hour period and the double bottom formation continues in the weekly period, and both formations are the continuation of the rise. As of the beginning of November, the bullish channel is in the range of $ 445-490. Intraday corrections touched the $ 450-455 band. It is useful to follow the uptrend reactions in retreats. The uptrend continues, the outlook is strong.