THE BITCOIN PRICE IS EXPECTED TO INCREASE AS THE POPULATION BECOMES YOUNGER
DAILY CRYPTOCURRENCY ANALYSIS
BITCOIN [BTC] 581246.06 TRY
BTCUSD is trying to hold above 20 MA on the daily chart prior to the Senate approval of the Fed's incentive package. If optimistic air prevails in the financial market, the volume of long positions may increase. In such a case, 6970 resistance can be considered in the first place. In case of holding above the 6970 resistance, the continuation of the upward movement of the market with the buyer's progress can be expected. In the case of withdrawal, moving average and trend line can be considered.
ETHUSD, which has been pricing on the horizontal axis for the last few days, is testing 20 MA upwards on the daily chart. With positive developments, the cryptocurrency can accelerate up to 153 resistance. For continuity, it can be expected to provide permanence above 153 resistance. In the opposite scenario, downward movements up to 126 support can be met at an acceptable level.
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