Bitcoin has made a horizontal start to the new week. The monthly closing was over $ 13,000 for the first time since 2017. We have mentioned the risks regarding the US elections, which are expected to end on the night of Wednesday, November 4, in the ICRYPEX news section above. While Bitcoin is stuck at the resistance of $ 13,900, on the other hand, the increase of Bitcoin futures to the 8-month high in volume supports the profit-taking scenarios. Again, the hash rate, which we can define as network density, has decreased by 10%. On the other hand, as a safe haven, ounce gold depreciated by 1.2% against BTC's weekly gain of close to 4% with the October 29 closing.

When we consider BTC / USD technically, the level of $ 13,900 where prices are stuck in the 24 June 20149 peak. Broadly speaking, the broadband is $ 12,750-13,900, while the narrow daily trading band varies between 13,800-13,200. In possible profit realizations, the uptrend that has been ongoing since March 13 is passing through the $ 11,700 zone. For now, the outlook in BTC, where horizontal trends are followed, is not weak.

Ethereum is trading with gains over 0.5% this morning, while also trying to surpass $ 400. Smart contract auditing company Quantstamp announced that Ethereum 2.0 is almost ready to be released, while expectations for Ethereum have increased, while the risk appetite for DeFi protocols has decreased and the amount of ETH locked on the platform does not reflect the 2.0 expectations or news for now.

When we consider ETH / USD technically, it continues the downtrend function that has existed since September 1. Again, under this trend, the secondary trend that has been formed since the end of September, although the bullish channel continues actively, these two opposite trends cross at $ 407, making it strong resistance. Looking at its movements over the past weeks, the $ 392 and $ 380 levels were lower supports, while it is worth paying attention to trades near resistance.