DAILY CRYPTOCURRENCY NEWS

Long-Term Bitcoin Investors Hit All-Time-High

Glassnode's latest weekly on-chain report indicates that long-term Bitcoin (BTC) investors are at a several-year high and that the markets are not yet saturated with profits. According to the report of the data provider Glassnode on November 22, it seems that those long-term investors (LTH) are reducing their spending while continuing to increase their positions.

Australian Senator Says DeFi Is Here to Stay

Jane Hume, an Australian politician, spoke about decentralized finance (DeFi) at the summit in Sydney on Monday. In his speech, referring to the Reserve Bank of Australia's description of crypto money as a whim, Hume stressed that it certainly is not. He also urged policymakers to cautiously adopt blockchain technology, such as DeFi, rather than act out of fear because it won't disappear anytime soon.

Citigroup to Hire 100 People For Its Crypto Division

Citigroup has announced to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” stated.

Bitcoin Price Could Hit $150,000 Due to Lack of "Resistance," Analyst Says

Inside Edge Capital Management founder Todd Gordon has revealed he believes the price of bitcoin could move to $150,000 in the future, as there’s no resistance for the cryptocurrency’s price to move up after it breaks past its all-time high above $69,000.

Ether Held on Centralized Exchanges Hits 3-Year Low
Ethereum reserves continue their fall, which began earlier this year. The deceleration of ETH held on centralized exchanges indicated bullish sentiment among the digital asset's broad investor base. Despite the increase in the price of the asset in recent weeks and since then it has reached all-time highs, the ETH held on the exchanges has continued to fall.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 353388.15 TRY

Bitcoin gained a 1,26% value during morning hours; the current price is $57.029. Glassnode's latest weekly on-chain report indicates that long-term Bitcoin (BTC) investors are at a several-year high and that the markets are not yet saturated with profits. According to the report of the data provider Glassnode on November 22, it seems that those long-term investors (LTH) are reducing their spending while continuing to increase their positions.

When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of July 20. As of the daily close, RSI shows a negative divergence. If it closes the day positively, there will be double bottom and RSI positive divergence, which may signal a reversal. If it resumes negativity, holding above the $54.000 (lower band) is important.

RESISTANCES 58.764 / 60.930 / 62.511
SUPPORTS 55.017 / 53.436 / 51.270

BITCOIN [BTC] 353388.15 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24402.20 TRY

Ethereum gained a 2,28% value during morning hours, and the current price is $4177. Ethereum reserves continue their fall, which began earlier this year. The deceleration of ETH held on centralized exchanges indicated bullish sentiment among the digital asset's broad investor base. Despite the increase in the price of the asset in recent weeks and since then it has reached all-time highs, the ETH held on the exchanges has continued to fall.

When we consider the ETH/USDT pair technically, ETH had a cup-and-handle pattern in the weekly chart, as we mentioned in the bulletin yesterday, retested the $3980-4000 (upper line of the pattern) last week. ETH retreated towards the zone yesterday and found support. The outlook for ETH will remain positive unless we it the closes weekly below the $3980 level.

RESISTANCES 4310 / 4460 / 4600
SUPPORTS 3728 / 3878 / 4019

ETHEREUM [ETH] 24402.20 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.38 TRY

AVAX lost a 1,70% value during morning hours, and the current price is $132,18. When we consider the AVAX/USDT pair technically, AVAX, which stands out positively at the weekend, profited above the market average. AVAX, which continues to move in the ascending channel in August, rose to the level of $145 (upper band) for the second time yesterday, but failed to reach a new peak level. Although the positive outlook continues in the daily chart, the pullback levels seem right for the profit realization. The retracements should be followed around $108 (mid-range band).

RESISTANCES 142,35 / 151,83 / 158,66
SUPPORTS 109,73 / 119,21 / 126,04

AVALANCHE [AVAX] 318.38 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.25 TRY

Ripple gained a 1,50% value during morning hours, and the current price is $1,05. When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of September 21. Although there was an uptrend last week with support from $1.016 (lower band on Friday), the price movement remained limited. XRP, which retested the lower band again yesterday and this morning, has found support. If the daily close does not occur below the lower band, the technical outlook will remain positive.

RESISTANCES 1,0681 / 1,0928 / 1,1131
SUPPORTS 0,9781 / 1,0028 / 1,0231

RIPPLE [XRP] 8.25 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 969.31 TRY

LTC gained a 0,85% value during morning hours, and the current price is $211,3. When we consider the LTC/USDT pair technically, LTC, which continues to move within the ascending channel that exists as of July 21, retreated to the $205 level (50MA) yesterday. LTC found support at this level and started the day with slight rise. If it loses it, it can retreat to $181 (200MA) and lower band. It should hold above the 50MA.

RESISTANCES 218,80 / 226,79 / 233,69
SUPPORTS 189,02 / 197,01 / 203,91

LITECOIN [LTC] 969.31 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,55% value during morning hours, and the current price is $26,93. When we consider the LINK/USDT pair technically, LINK retested the 50-MA level and retreated along with the resistance. The negative outlook on the metrics continues in the daily chart. The 200-day moving average ($26,48) should be followed in the short term when retreating, as mentioned in the bulletin yesterday. If LINK breaks the 200MA level on the daily close, the retracement can continue towards $24,5.

RESISTANCES 27,84 / 28,86 / 29,61
SUPPORTS 24,31 / 25,32 / 26,08

BASIC ATTENTION TOKEN [BAT] 5.48 TRY

BAT gained a 0,45% value during morning hours, and the current price is $1,044. When we consider the BAT/USDT pair technically, BAT broke uptrend on 30 October and tested this trend on Friday but could not break it upwards. We expect BAT to retreat towards $0,9629 (Fibo'50), the important support level for BAT, which faced resistance this weekend after retesting.

RESISTANCES 1,0870 / 1,1341 / 1,1684
SUPPORTS 0,9242 / 0,9713 / 1,0056

BASIC ATTENTION TOKEN [BAT] 5.48 TRY +7.00 +0.03 VOL 21 BAT

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