Bitcoin gained a 3,50% value during morning hours; the current price is $48.657. According to the report by Coinshares, digital asset investment products saw outflows totaling US$142m for the week ending on December 17th. This was the first release after 17 weeks of inflows. The previous largest outflow was in June 2021, when weekly outflows totaled $97 million. We do not interpret this negatively, despite the news flow from many central banks, especially the Fed, that would affect risky assets.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move within the downtrend that exists as of November 10, broke the $47.159 (200MA) level downward. BTC broke the uptrend on August 3 after testing this trend many times. BTC could hold onto the trend and closed the day. As of daily opening, BTC broke the 200MA and downtrend. It can surge towards $50.000.

Ethereum gained a 2,35% value during morning hours, and the current price is $4038. Ethereum developer teams have been hard at work preparing for Ethereum 2.0, the proof-of-stake platform designed to make the blockchain's transactions faster, cheaper, and less energy-intensive. But while ETH2 isn't ready totally yet, its first major testnet is, providing the public with a look into how the network may soon function.

When we consider the ETH/USDT pair technically, ETH had recently closed the day below Fibo'61,80 and then broke it upwards. As we mentioned in the bulletin yesterday, ETH has had a stagnated price movement for the last ten days. A breakout would determine the trend. This morning the price movement shows us a breakout. A rise can follow if the daily close ends positively.

AVAX gained a 3,00% value during morning hours, and the current price is $117,71. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel since August, the consistent rise towards $117 (Fibo'78,60) occurred. AVAX continues its upward price movement after the retracement and finding the lower line and 50MA support. The nearest resistance level is $127-128.

Ripple gained an 0,15% value during morning hours, and the current price is $0,8838. When we consider the XRP/USDT pair technically, XRP continues price action inside the downward trend on September 7 and has positive divergence, which gave a buy signal along with the intersection of 7-and-14 DEMA last week. XRP, which also broke the downward trend that existed as of November 10 on the weekend, opened the week with a sharp rise. There is nothing new for XRP. The first major resistance level is $0,9458 (200MA).

LTC gained a 0,90% value during morning hours, and the current price is $154,2. When we consider the LTC/USDT pair technically, LTC, which found support at the zone marked with blue, rose towards the uptrend on November 10. When we examine it in the daily chart, we see a buy signal coming from the MACD in the oversold zone. The downtrend breakout should be followed together with the MACD buy signal. For a permanent rise, a breakout in the downtrend and 200MA should occur.

LINK gained a 1,10% value during morning hours, and the current price is $19,09. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel as of July 2020, has found support at the lower line in the last few days. MACD gave a buy signal after positive divergence occurred. LINK surged towards the downtrend, after finding support. If a breakout occurs, price movement wins a momentum.

BAT gained a 1,95% value during morning hours, and the current price is $1,1328. When we consider the BAT/USDT pair technically, BAT found support at the uptrend as of October 30 and surged last week. However, although it tested the 50MA level many times, a breakout could not occur. As we mentioned in the daily bulletin yesterday, we expected BAT to retest the ascending trend and find support from this level. BAT, which minimized its intraday losses with the support it found yesterday, is rising again towards its 50-day moving average this morning.