Bitcoin gained a 3,50% value during morning hours; the current price is $56.561. October continues with positivity for Bitcoin. Expectations for the approval of Bitcoin ETFs have increased even more after the approval of an ETF application from the SEC that follows companies investing in Bitcoin has been received. BlockFi has applied to the SEC to launch a Bitcoin ETF. JPMorgan shared a post stating that institutional investors prefer Bitcoin over gold to protect against inflation. The first Bitcoin ETF approval is expected on October 18 to arrive among the expectations.

When we consider the BTC/USDT parity in technical terms, after sharp price movement, Bitcoin closed the day with 0,50% lost value. Along with the candlestick open time of today, BTC experienced sharp rises and had an above transaction volume in the 4-hour. In the daily chart, we see the metrics signal insisting on a rise. The price target is still $58,355 for BTC, as we mentioned in the bulletin.

Ethereum gained a 3,30% value during morning hours, and the current price is $3527,86. BTC performs better than altcoins, looking back at the price movements of the weekend. However, ETH lost 5,60% value against Bitcoin in the last two days.

When we considered the ETH/USDT parity in technical terms, ETH reached the price target of $3670, as we mentioned in Friday's bulletin, and faced resistance at the same level. Alongside the candlestick open time of today, ETH retreated over to $3350 (50-day moving average). ETH found support from this level, trying to wipe out any loss experienced yesterday. If it closes the day above $3350, that will trigger an upward price movement. On the other hand, the $3351 level is equivalent to the 50-day moving average, and the Fibo'78.60 tranche is an important support level.

AVAX gained a 2,70% value during morning hours, and the current price is $57,67. When we consider the AVAX/USDT parity in technical terms, having broken the lower band of the ascending channel as of Sept. 13, AVAX can retreat to the $50-day moving average, as we mentioned last week bulletins. AVAX, which closed the day right below the $56,58 level (50-day moving average) yesterday, is priced above this level. If AVAX holds on to the 50-day moving average in the daily chart, it can move upwards. Our next support point is $50,7 (Fibo'50) if AVAX retreats deeply.

Ripple gained a 2,50% value during morning hours, and the current price is $1,1640. When we consider the XRP/USDT parity in technical terms, XRP broke the $1,093 (the 50-day moving average) level upwards, along with the above-average trading volume on Saturday, and closed the day above this level. In the daily chart, MACD gives a buy signal. We expect XRP rise will continue towards the level of $1,41. On the other hand, the $1,093 level, equivalent to the 50-day moving average, is key when retreating.

LTC gained a 3,70% value during morning hours, and the current price is $181,4. When we consider the LTC/USDT parity in technical terms, LTC, which retreated to the level of $174.9 (50-day moving average) alongside the drops of yesterday, is seen as having found support near this level. MACD still gives a buy signal in the daily chart, but LTC had lost the upward direction and now shows a sideways trend above the 50-day moving average. The upward break of the 200-day moving average ($189.3) is important for the rise in LTC.

LINK gained a 3,00% value during morning hours, and the current price is $26,35. When we consider the LINK/USDT parity in technical terms, LINK broke its 50-day moving average upward on Saturday and broke this level downward again yesterday. Along with the candlestick open time of today, the price movement of LINK directed upwards. There are still two important resistance points at the 50 and 200-day moving average ahead. Although it seems that the MACD continues to give a buy signal in the daily chart, there is a peak formation in the metrics. Due to the inability to break the moving averages, LINK still maintains its horizontal price movement, but in order to find a new demand, LINK can retreat.

BAT gained a 1,40% value during morning hours, and the current price is $0,7298. When we consider the BAT/USDT parity in technical terms, having risen to $0,76 (50-day moving average) at the weekend, BAT wiped the rise out, dropping 6% yesterday. BAT, which retreated to $0,70-0,72, is priced upward as of this morning. By surpassing the 50-day moving average, BAT might resolve sales pressure and rise towards the $1 level, which is the former peak level. When retreating, the $0,854 level (Fibo'50 tranche) should be followed.