DAILY CRYPTOCURRENCY NEWS

PayPal Starts Offering Crypto Service In The UK

From Monday, PayPal's UK customers can buy, sell and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Customers can purchase crypto using their bank account, PayPal balance or debit card via a crypto tab on PayPal's website and mobile app. (Positive)

Bitcoin ETN from European Finance Giant Deutsche Börse Group

European derivatives exchange Eurex, owned by Deutsche Börse Group, announced that it plans to launch Bitcoin ETN futures as of September 13. (Positive)

The Increase in the Number of Companies Accepting Bitcoin as a Payment Tool Continues

US mortgage lender United Wholesale Mortgage plans to accept cryptocurrencies as a payment method by the end of 2021. Additionally, South African real estate investment firm Quorum Holdings and Canadian jewelery exchange SafeGold have also pledged to enable clients to use their primary cryptocurrency as a means of payment. (Positive)

BTC Move from Asset Management Firm Neuberger Berman

Multi-billion-dollar asset management firm Neuberger Berman plans to invest up to 5% of its $164 million commodity mutual fund in Bitcoin with immediate effect, according to a filing with the U.S. Securities and Exchange Commission (SEC). (Positive)

Amount Locked in ETH 2.0 Continues to Increase

According to the on-chain data provided by Glassnode, the amount of ETH locked for ETH 2.0 has exceeded 7 million, reaching 7,066,146 ETH. (Positive)

AdvisorShares Files With SEC For Bitcoin Futures ETF

According to a filing submitted to the SEC by investment management company AdvisorShare, the company has applied for an ETF that will invest in Bitcoin futures. (Positive)

Trust in Cryptocurrencies from American Investors

According to a recent study, US crypto investors invested an average of $1,707 per person, with 37% admitting that they wouldn't touch those funds even if they had to meet a required bill or significant payment. (Positive)

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352615.79 TRY

Bitcoin, which gained about 2.0 percent in the morning hours, is priced at $ 50,270. Bitcoin dominance, which was 49% at the beginning of August, has declined to 44.44% as of this morning. The fundamentally positive outlook for Bitcoin continues. The increase in the number of companies accepting payment systems, PayPal's start to offer Crypto services to UK customers will both increase the speed of adaptation and have a positive effect on prices in the long run.

When we consider the BTC/USDT parity in a technical sense, BTC, which continued its price movement within the rising channel that existed as of July 20, found support at the $ 44,200 level, which coincides with the lower band of the channel, and started its upward movement. BTC, which broke the 200-day moving average with the buy signal from the MACD in the 4-hour period and at the same time the downward trend in the MACD was broken up, is currently priced above the $ 50,000 level, which corresponds to the channel middle band. If a permanence can be achieved on the channel middle band, there may be an increase towards the $ 53,000 level, which coincides with the important resistance level. The channel subband remains our most important support level.

RESISTANCES 51.110 / 51.887 / 53.441
SUPPORTS 48.779 / 47.225 / 46.448

BITCOIN [BTC] 352615.79 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24393.61 TRY

Ethereum, which gained about 3.21 percent in the morning hours, is priced at $ 3345.81. According to the on-chain data provided by Glassnode, the amount of ETH locked for ETH 2.0 has exceeded 7 million, reaching 7,066,146 ETH. At the same time, a total of 76,567 ETHs were burned (approximately $255 million). Apart from these two cases where we have seen the effect on the price, PayPal's offer of ETH in the UK besides BTC will also attract new users to ETH, which is already very popular.

When we consider the ETH/USDT parity in a technical sense, although the sell signal from MACD on August 17 continues in the daily period, the rise continues in ETH, which finds support in the $2950 region. ETH, which reached the target price of $ 3335, which we stated in the bulletin last Friday, can continue to rise towards the levels of $ 3750, if it maintains above the $ 3375 level in the daily period.

RESISTANCES 3420 / 3497 / 3643
SUPPORTS 2973 / 3050 / 3196

ETHEREUM [ETH] 24393.61 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.64 TRY

AVAX, which gained value by approximately 12.5 percent in the morning hours, is priced at $ 49.04. When we examine the AVAX/USDT parity technically, when we mentioned in the bulletin last week, AVAX, which broke the important resistance level in the $ 34-37 band, rose to the next target level of $ 50. Having reached these price levels last February 10, AVAX is priced in the resistance zone, which is in the $ 49-54 band as of this morning. It is important that this region is broken up in a voluminous way for the continuation of the rises within the AVAX. For AVAX, which we expect to see a reaction from this region, pullbacks towards $37 are important for a healthy corrective action.

RESISTANCES 54,76 / 60,73 / 67,84
SUPPORTS 28,58 / 34,56 / 41,67

AVALANCHE [AVAX] 318.64 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.25 TRY

Ripple, which gained value by approximately 1.67 percent in the morning hours, is priced at $1.2469. XRP, which has experienced sharp rises recently with its positive outlook in both fundamental and technical terms, increased its market dominance up to 3% in this period. When we consider the XRP/USDT parity technically, XRP, which is priced above the major declining trend at the April 14 and May 18 peak levels, continued its upward movement with the support it found at the $1,065 levels, which corresponds to the Fibo'38.20 tranche. As of August 15th, the MACD for XRP is holding the buy signal, which is in the triangle trough. If the triangle is broken up, the next short-term price target is $1.41, which coincides with the Fibo'61.80 tranche.

RESISTANCES 1,2747 / 1,3031 / 1,3504
SUPPORTS 1,1233 / 1,1517 / 1,1990

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

LITECOIN [LTC] 969.59 TRY

LTC, which gained about 1.70 percent in the morning hours, is priced at $189.11. When we consider the LTC/USDT parity in a technical sense, LTC, which started to price again in the rising channel that existed as of July 20, is priced between the lower band of the channel and $ 193.7, which corresponds to its 200-day moving average. When we examine it in the 4-hour period, the buy signal is preserved in LTC, which accelerates the price movement in the bullish direction together with the buy signal from the MACD. If the 200-day moving average is broken upwards and it is sustained in the daily period, the $204 level corresponding to the channel middle band and the upper band of the channel with $230 are read as the next price targets.

RESISTANCES 193,80 / 197,98 / 205,46
SUPPORTS 170,48 / 174,66 / 182,14

LITECOIN [LTC] 969.59 TRY +7.00 +0.03 VOL 21 LTC

LINK, which gained about 3.35 percent in the morning hours, is priced at $ 28.97. When we examine the LINK/USDT parity in a technical sense, LINK, which completed the correction movement with a retracement of about 20% from the August 16 peak level of $ 30.51, to $ 25.12, which is the Fibo'23.60 slice, moved in the upward direction again from this level and continued for 200 days. It broke its moving average ($28.07) to the upside. When we examine it in the 4-hour period, it is seen that the signal comes from the stochastic in the direction of buy. As long as the 200-day moving average is sustained, the previous high of $30.5 will be surpassed and the rises may continue towards our next target price of $35.

RESISTANCES 29,72 / 30,47 / 31,95
SUPPORTS 25,26 / 26,01 / 27,49

BASIC ATTENTION TOKEN [BAT] 5.48 TRY

BAT, which lost value by approximately 1.00 percent in the morning hours, is priced at $ 0.86. When we consider the BAT/USDT parity in a technical sense, BAT, which violated the rising channel that existed as of July 20, between August 18-20, continues its price movement within this channel. When we examined it in the 4-hour period, BAT, which gained momentum in the upward direction with the buy signal from the MACD, broke the $ 0.825 level, which corresponds to the 200-day moving average, yesterday evening and made the daily close above this level. BAT, which rose to the level of $ 0.87, which corresponds to the middle band of the channel, with the breakout, can sustain above this level, the next price target is the level of $ 0.96, which corresponds to the upper band of the channel. Conservation of the lower channel band is important for the continuity of the rises.

RESISTANCES 0,9054 / 0,9467 / 1,0034
SUPPORTS 0,7094 / 0,7507 / 0,8074

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

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