DAILY CRYPTOCURRENCY NEWS

Tesla Is $1 billion in Profit From Bitcoin, According to Data

According to the data in the application to the SEC, the value of Tesla's investment has increased by about $1 billion since the first day of investment in Bitcoin.

After the Report About SEC's Approval of First Bitcoin ETF in the US Released by Bloomberg, Bitcoin Hit $59K

Bitcoin has risen to $59,459, its highest level in recent months after Bloomberg reported that the US Securities and Exchange Commission did not oppose the approval of a Bitcoin futures exchange-traded fund in the US.

SEC Tweets About Bitcoin Futures ETF

The US Securities and Exchange Commission (SEC) tweeted about holding Bitcoin futures ETF. It is a good sign that regulators will soon approve Bitcoin-traded funds (ETFs), particularly Bitcoin futures investors, for the crypto community.

Kazakhstan Government Regulations Threaten Bitcoin Mining

The government of Kazakhstan once encouraged Bitcoin miners to open factories in the country, but now the government wants to put a limit on the growth of the industry. The government has ordered that the total power of electrical installations of consumers engaged in digital mining activities should not exceed 100 MW, and each site should be limited to 1 MW.

Canada Plans to Supply Residents’ Heat Using Bitcoin Mining

MintGreen, a Canadian-based cryptocurrency mining company, will partner with Lonsdale Energy Corporation to provide heat to residents of North Vancouver in British Columbia starting in 2022.

Ripple and Avalanche Become Part of the Digital Pound Foundation

The Digital Pound Foundation is an independent association launched on 14 October by a group of founding members, aimed at supporting the implementation of the digital pound and the digital currency ecosystem in the United Kingdom. Apart from Ripple, other members are Accenture, Avalanche, Billon Group, CGI, Electroneum and Quant.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352210.78 TRY

Bitcoin gained a 3,00% value during morning hours; the current price is $59.177. Bitcoin has risen to $59,459, its highest level in recent months after Bloomberg reported that the US Securities and Exchange Commission did not oppose the approval of a Bitcoin futures exchange-traded fund in the US. Also, yesterday The US Securities and Exchange Commission (SEC) tweeted about holding Bitcoin futures ETF. It is a good sign that regulators will soon approve Bitcoin-traded funds (ETFs), particularly Bitcoin futures investors, for the crypto community.

When we consider the BTC/USDT pair in technical terms, BTC, which faced resistance from the zone near our target price of $58.355, showed horizontal price movement yesterday. After the Bloomberg news about the BTC futures ETF today, BTC broke the $53.855 resistance level upwards, and the 4-hour closed above this level. As we mentioned in the bulletin yesterday, this break will bring about a price movement that will move BTC to $60.000.

RESISTANCES 60.822 / 61.866 / 63.876
SUPPORTS 57.768 / 55.758 / 54.714

BITCOIN [BTC] 352210.78 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24552.33 TRY

Ethereum gained a 72% value during morning hours, and the current price is $3800,37. Yesterday when Bitcoin had a horizontal price movement, ETH was on rising. So, ETH compensated its loss against BTC for the last days and gained a 5% value against BTC.

When we consider the ETH/USDT parity in technical terms, after the bullish engulfing candle formed on Wednesday, ETH broke the $3685 neckline level (on the head-and-shoulders pattern) upwards along with the above volume and closed the day above this neck level. As we mentioned earlier, we think that it is important for ETH to break the $3685 level. Our first price target is the $4,000 level unless it regresses below the neckline again.

RESISTANCES 3906 / 3982 / 4127
SUPPORTS 3464 / 3540 / 3685

ETHEREUM [ETH] 24552.33 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.63 TRY

AVAX lost a 1,60% value during morning hours, and the current price is $55,27. When we consider the AVAX/USDT parity in technical terms, AVAX closed the day below the 50-day moving average ($57.44) yesterday; MACD gives a sell signal in the daily chart. Having accumulated below the 50-day moving average, AVAX has a dip formation. On the other hand, the upward break of 50 MA will also ensure that the downtrend as of September 23 will break upwards, which will trigger a rise.

RESISTANCES 57,45 / 59,82 / 61,17
SUPPORTS 50,01 / 52,38 / 53,73

AVALANCHE [AVAX] 319.63 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.28 TRY

Ripple lost a 0,20% value during morning hours, and the current price is $1,1293. Ripple has become involved in the Digital Pound Foundation is an independent association launched on 14 October by a group of founding members to support the implementation of the digital pound and the digital currency ecosystem in the United Kingdom.

When we consider the XRP/USDT parity in technical terms, having retreated to $1,086, its 50-day moving average is again this morning; XRP is pricing in the upward direction with the support of the level. XRP, which closed yesterday below the $1,1402 level (Fibo'78,60), will be tested at this level again on the intraday. A daily close above $1.14 of XRP will support the rise towards our initial price target of $1.41.

RESISTANCES 1,1637 / 1,1873 / 1,2157
SUPPORTS 1,0597 / 1,0833 / 1,1117

RIPPLE [XRP] 8.28 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 974.37 TRY

LTC gained a 2,00% value during morning hours, and the current price is $184,0. When we consider the LTC/USDT parity in technical terms, having retreated to $175(50-day moving average) this morning, LTC is rising to our next price target of $189 (200-day moving average), alongside the support. MACD proceeds to give a buy signal in the daily chart. The upward break of the 200 MA, which has been resisting for a long time, will bring a major rise.

RESISTANCES 188,52 / 192,47 / 198,58
SUPPORTS 168,40 / 172,35 / 178,46

LITECOIN [LTC] 974.37 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,10% value during morning hours, and the current price is $26,69. When we consider the LINK/USDT parity in technical terms, having tested the $26,78 (50-day moving average) and $27,55 (200-day moving average) yesterday, LINK closed the day below these two levels after the reaction. Alongside today's candlestick open time, LINK retreated, though, wiped the intraday loss out. Following the positive news, BTC rose, but altcoins could not benefit from those. In our opinion, altcoins turn into a positive trend, and LINK will retest the moving average.

RESISTANCES 27,70 / 28,66 / 29,51
SUPPORTS 24,08 / 25,04 / 25,89

BASIC ATTENTION TOKEN [BAT] 5.50 TRY

BAT lost a 0,15% value during morning hours, and the current price is $0,7028. When we consider the BAT/USDT parity in technical terms, BAT retreated to the $0,6762 (Fibo'50) level, wiped the intraday loss out along with the support from the zone. BAT is still priced between $0,70-0,72, MACD gives a buy signal, but the momentum has gone in the daily chart. In our opinion, BAT can move forward to the $0,749 level (50MA), together with the break of $0,72.

RESISTANCES 0,7217 / 0,7413 / 0,7577
SUPPORTS 0,6497 / 0,6693 / 0,6857

BASIC ATTENTION TOKEN [BAT] 5.50 TRY +7.00 +0.03 VOL 21 BAT

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