DAILY CRYPTOCURRENCY NEWS

PAYPAL REPORTS TO EUROPEAN COMMISSION THAT IT WORKS ABOUT CRYPTOCURRENCY

It emerged that payment giant PayPal had written a letter to the European Commission in March, informing it that it was doing work in the cryptocurrency field. The company wrote in the letter that it had taken concrete steps to improve its capabilities in the cryptocurrency field. PayPal said in the same letter that it believed cryptocurrencies could be the solution to the issues the current financial system needs, calling on policymakers to make arrangements that encourage innovation.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 379309.68 TRY

BTCUSD, testing the 9070 support after breaking 20 MA downwards by encountering reaction sales on hacking news on Twitter accounts, cannot find enough power to break 9150 resistance. Continuing to increase the volume in the short position risk factors continue in the market, may bring 9070, 9000, and 8900 supports in the first place. Retracing below 8900 may increase sales pressure. In upward movements, holding over 9150 critical for the continuity of the reaction.

RESISTANCES 9150 - 9220 - 9330

SUPPORTS 9070 - 9000 - 8900

BITCOIN [BTC] 379309.68 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25821.62 TRY

ETHUSD, keeping above 232 support, maintains pricing in the oversold territory. In the cryptocurrency that is in the contraction phase, upward movements can be seen in case of breaking of 20 MA and 234 resistance. An increase in the volume of the short positions may occur if a negative reaction occurs from the 230 to 228 bandgap. In that case, it is evaluated that 225 and 223 levels can be monitored.

RESISTANCES 234 - 237 - 241

SUPPORTS 232 - 230 - 228