NEW YORK REGULATOR REQUIRES PREPARATION PLANS FROM CRYPTOCURRENCY COMPANIES
DAILY CRYPTOCURRENCY ANALYSIS
BITCOIN [BTC] 359149.50 TRY
The search for directions in cryptocurrencies, which is affected by the global economic contraction, continues. BTCUSD, which periodically tests the support level after the sharp decline, seems likely to have prices that may occur in the 4030 to 5441 band range. For the continuity of the upward movements, it is important to close above 5441 resistance. On the other hand, it is beneficial for investors to be careful as the economic contraction and BTCUSD's 4030 support may have an accelerating effect on sales pressure.
ETHUSD, which has experienced one of the most important decreases in its history, continues its progress in the oversold region. In this context, if sales pressure continues, 91 support can be considered in the first place. In case the 126 resistance broken in the cryptocurrency which is consolidated between 126 and 91 bands, it is thought that the investor can benefit from the upward air gaps.
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