Bitcoin gained a 0,22% value during morning hours; the current price is $57.280. Although there has been a decline throughout the market, a crypto whale buys Bitcoin in large amounts. Since November 8, a single wallet has accumulated 6,863 Bitcoins. With an average purchase price of $60,000 per BTC, the owner has already added roughly $411 million to a large wallet.

When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of July 20. As we mentioned in the daily bulletin yesterday, there was a positive RSI divergence and double bottom. The double bottom needs to be up $60,200 for approval. Although the outlook is positive, it is necessary to break the downward trend and move the price above 50MA to decrease sales pressure.

Ethereum gained a 0,51% value during morning hours, and the current price is $4289. Since the introduction of the EIP-1559 protocol in August as part of the London hard fork, 1 million Ether (ETH) (over $4.24 billion) has been burned. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burning feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently.

When we consider the ETH/USDT pair technically, ETH, which has a reversal signal, finding support at $3940-4050 and bullish engulfing candle pattern, retested the 50MA level. There is no breakout of the downward trend. If ETH could not break it up, it can resume retreating. In this sense, the $4460 level should be in an upward direction.

AVAX gained a 5,84% value during morning hours, and the current price is $122,42. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel as of August, retreated to $112 as we expected. As of this morning, our first bullish price target for AVAX, which found support from this level, is $151. When retreating, the levels close to the midrange band should be followed again.

Ripple gained a 0,15% value during morning hours, and the current price is $1,0332. In a recent interview with CNBC, Garlinghouse said, "We're seeing pretty good progress despite a slow-moving judicial process. Clearly, we’re seeing good questions asked by the judge, and I think the judge realizes this is not just about Ripple, this will have broader implications, and I think that’s a very good thing. I’m hopeful that certainly in 2022, there’ll be closure here.”

When we consider the XRP/USDT pair technically, XRP, which moves in the ascending channel as of September 21, found support at $1,024. For today there isn't any new development for XRP. As we mentioned in the daily bulletin yesterday, there is a positive RSI divergence and double bottom pattern in the daily chart. But when we look at yesterday's daily candle, we should not ignore the possibility; the bullish engulfing candle might result in a drop. The important level is the lower band. The technical outlook is positive in XRP unless it closes the day below this level.

LTC gained a 2,21% value during morning hours, and the current price is $216,2. When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of September 21. LTC, which retested $206 (50MA), rose to $222,2 (Fibo'61,80), after finding support. LTC faced a reaction from this level. If it holds onto the 50MA level, a rise towards the midrange band can be expected.

LINK gained a 2,40% value during morning hours, and the current price is $26,14. When we consider the LINK/USDT pair technically, the negative outlook resumes in the daily chart. If broke the 200MA level ($26,12) and closed the day below this level. Although it is priced just above 200-MA again this morning, it is important that it performs the daily close above this level.

BAT gained a 5,24% value during morning hours, and the current price is $1,1877. When we consider the BAT/USDT pair technically, there is a stagnated price movement after sharply rising on October 30. Although the sell signal from the MACD continued in the daily chart, as we mentioned in the bulletin yesterday for the BAT, the price movement that determines the direction would be the breakout of the stagnated zone, and yesterday it broke the downward trend and closed the day above this resistance. As of this morning, BAT is on the rise, and the short-term resistance level is Fibo'78,60.