THE DIGITAL YUAN PROJECTS TARGET IS WINTER OLYMPICS
DAILY CRYPTOCURRENCY ANALYSIS
BITCOIN [BTC] 521895.83 TRY
BTCUSD is testing the resistance of 6970 and 20 MA on the daily chart. Acceleration up to 7328 resistance can be seen if the market is progressive. However, it is thought that the cryptocurrency must hold above the 7328 resistance to advance to the 8000 levels. If the investor uses his preference negatively, drooping up to 6550 support may occur in the cryptocurrency. Downward movements up to the emphasized level can be met ordinarily, but if the selling pressure continues, it is beneficial for the investor to be careful.
ETHUSD tries to hold on to 172 support. In the cryptocurrency that tries to move forward in the overbought region, acceleration can be seen up to 191 resistance in case of an increase in the volume of long positions. In the upside scenario, it is thought that a momentum exceeding 191 should occur. It is beneficial to be careful as 172's downward breakage may cause downward movements up to 153 levels.
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