Bitcoin is pricing sideways around $ 37,200 this morning. While Bitcoin dominance falls below 61%, this situation presents us that there is a tendency towards altcoins rather than the main coin. Therefore, the horizontality of BTC's movements should be indicative rather than question marks. There were 26 BTC exits in Grayscale funds yesterday. Guggenheim, who was allowed to invest up to $ 500 million in BTC by the SEC this week, has pronounced the price of $ 400-600 thousand for Bitcoin based on the basic analysis. While Bitcoin's monthly volatility is declining, the movements attaining a more stable plane provide the market with calm and reliability.

When we consider BTC / USD technically, there was a minor uptrend formation with the breaking of the downtrend that has occurred since the $ 42,000 level. Trend support is traversing the $ 35,850 level, with the rises stuck at the intermediate resistance at $ 37,800. Our intermediate support is $ 36,800, which corresponds to the Fibo'61.8 tranche, while the outlook is horizontal and positive. Withdrawals to the supports result in holding and reaction.

As February 8 approaches, Ethereum FOMO started among investors. Traded with a gain close to 4% this morning, ETH is priced at $ 1655. As with stocks, a price / earnings ratio was obtained in Ethereum when they proportioned the gains from the total market value size / transaction fees. This ratio is now below 0.01 compared to the price and the average for the last three years is around 0.02. For this reason, we have not found the $ 2000 level we expected for a while in Ethereum as premium. In addition, Ethereum network fees broke records. This may negatively affect the value of Ethereum somewhat. For this reason, it is useful to focus on the supports specified on the technical side, not on resistances or rises.

When we consider the ETH / USD parity, there is a resistance zone in the $ 1660-1680 band. Prices stuck in this resistance zone can generate profit sales up to $ 1610 levels. But it will support the rise; The rising triangle and the latest flag formation point to $ 2050 levels. The outlook is positive and in an uptrend.

The AVAX / USD pair set a new record this morning at $ 16.35 and is currently priced at $ 16.15. As we mentioned in our bulletins published in the previous days, Algorand and AVAX, which is an equivalent but more advanced of Ethereum technology, is getting more attention with the increase in transaction costs on the Ethereum network (ETH transaction fees are up to $ 20). These two cryptocurrencies are showing a steady increase, continue to gain in value. The AVAX / USD pair broke the $ 15.70 channel upper band, making it a support level. After the flag formation formed in mid-January, it is moving towards the formation target of $ 20. There is no resistance level on the upwards. In possible downward movement, the channel upper band will be at the $ 15.70 support level.

The XRP / USD pair is pricing at $ 0.4490 with a horizontal change this morning. XRP producer Ripple continues to take positive steps for the company. Especially in the last two weeks, many partnerships have been announced and successful partnerships are taking place within RippleNet. On the company's website, a certificate called SOC 2, owned by companies that comply with security and privacy standards, was published the previous day. While the company is taking these important steps trying to improve its damaged reputation, Ripple's former co-founder Jed McCaleb, on the other hand, continues to sell XRP and was found to send more than 12 million XRP to the exchanges yesterday. When the XRP / USD pair is technically analyzed, it is seen that XRP is priced above the $ 0.4450 level support. Stability above this region and closing the candle above this level may bring the $ 0.5000 level to the agenda again, but the data flow should be followed. Weak pricing may initiate movement towards the $ 0.3600 region, bringing with it selling pressures and increasing the downward momentum. However, the current view is in the direction where the reactions occur and the rises are seen.

Litecoin is trading around the $ 153.30 level this morning, with a 5.5% price increase against the dollar. LTC has made a negative 9% return monthly. It has stood behind in the market movements in recent years. Following the Bitcoin dominance fall, BTC has also been horizontal. This may have created a weakness for Litecoin, one of the cryptocurrencies with the highest correlation with BTC. Nevertheless, it is seen that Litecoin is quite slow compared to other altcoins when we emphasize that the altcoin season may be starting. It will close the gap, but the uncertainty in terms of maturity and the horizontality that has been going on for a while may be lowering the interest in Litecoin.

When the LTC / USD parity is considered technically, it is seen that it has not broken its resistance at $ 157.10 and returned from here. Although the support from the $ 143.00 level remains weak, the surpassing $ 157.00 can bring a rapid rise and bring the pair to reach the record $ 183.00 again. However, if the horizontality between the $ 143.00 - $ 157.00 levels continues, it may create selling pressures on Litecoin, shifting interest towards other altcoins. For this reason, it will be important in which position this horizontality will be broken. The MACD indicator gives a bullish signal with rising bars and expiration lines in the daily period.

LINK is pricing at $ 26.60 this morning, and has achieved a new record pricing after testing $ 26.70. In this period when the returns of altcoins, especially altcoins in the DeFi sector, are increasing, LINK continues to expand its investor network and grow its audience. It has yielded 16% on a weekly basis and is still lagging behind Ethereum returns and we can expect this shear to move to a close. On the other hand, rising transaction fees and rising costs in the Ethereum network could support the increase in interest for LINK with the largest market cap among ETH consensus tokens.

When we examine the LINK / USD parity technically, with the reaction coming over the support at $ 23.60, the pair moved up by 12% and broke the resistance at $ 25.45 upwards. From now on, resistances of $ 27.60 followed by $ 30.00 will follow. The Parabolic SAR indicator remains below the pair, giving signals that support the upward movement and the strong reactions and recoveries following the lows are very positive for LINK, which is in the bullish channel in technical view.

The BAT / USD pair has seen a 15% price increase in the 24-hour period and is currently trading at $ 0.3500. Thus, the horizontal movement between the $ 0.2780 - $ 0.3400 band created in the last two weeks has deteriorated. The flag formation, which is formed in the direction of the uptrend, maintains its target of $ 0.4300 and has started the rise outside the borders of the flag by breaking the tip of the flag. With the histograms rising above the zero line in the MACD indicator in the 4-hour period, the price is approved by the volume. Momentum, on the other hand, maintains the recovered bottoms, but has turned its direction to the horizontal for the rise.