Bitcoin gained a 0,80% value during morning hours; the current price is $49.245. Bloomberg Intelligence believes that if the Bitcoin spot exchange-traded fund is approved, the demand among investors will be much higher. He stated the reason as the reduction of costs related to the management of BTC contracts. James Seyffart from the Bloomberg Intelligence analytics team thinks that cryptocurrency spot ETFs will bring a lot more assets to this area.

When we consider the BTC/USDT pair technically, BTC found support at an uptrend as of August 3 and broke the downtrend upwards with above-average volume. It can continue the rise towards the downtrend; the next resistance level is $50,500.

Ethereum gained a 0,85% value during morning hours, and the current price is $4049. When we consider the ETH/USDT pair technically, ETH broke the stagnated zone in December and closed the day beyond the zone. As mentioned in the bulletin yesterday, a breakout will determine the trend. The daily metrics show a buy signal from MACD. Momentum might follow if it breaks the downtrend upwards and closes the day above.

AVAX gained a 1,75% value during morning hours, and the current price is $124,53. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel since August, the consistent rise towards $117 (Fibo'78,60) occurred. And short-term retracements followed. AVAX, which broke this resistance at $117.20 yesterday and closed the day above. Then, it rose to the level of $127, as we mentioned in the bulletin yesterday. Our short-term price expectation for AVAX, which we do not think that the price movement in the upward direction has ended yet, is the $144 level (the midrange band level).

Ripple gained a 1,50% value during morning hours, and the current price is $0,9594. When we consider the XRP/USDT pair technically, XRP continues price action inside the downward trend on September 7. And XRP has a momentum after the breakout. Yesterday's daily close was above the 200-day moving average on the XRP, which captured a positive price movement along with the buy signals close to the support zone. The next short-term resistance level is the 50-day moving average ($0,9988).

LTC gained a 1,00% value during morning hours, and the current price is $156,2. When we consider the LTC/USDT pair technically, LTC, which found support at the zone marked with blue, rose towards the uptrend on November 10. LTC broke the trend this morning. If it closes the day above and reaches the intensive volume, it can continue to rise.

LINK gained a 2,50% value during morning hours, and the current price is $19,87. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel as of July 2020, found support at the lower line and broke the downtrend on November 10, then closed the day above. The first price target for LINK, which awaits momentum, is the level of $24.49 (200MA).

BAT gained a 1,65% value during morning hours, and the current price is $1,1837. When we consider the BAT/USDT pair technically, BAT found support at the uptrend as of October 30 and surged last week. However, although it tested the 50MA level many times, a breakout could not occur. BAT tested this morning and yesterday the 50MA level after finding support at uptrend on Monday. If it breaks 50MA and holds onto it, a rise can occur towards the zone marked with blue.