DAILY CRYPTOCURRENCY NEWS

Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil

Visa plans to bring its cryptocurrency services to traditional banking in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to launch cryptocurrency payment cards, implying that Bitcoin may have direct integration into payments.

Demand for Cryptocurrency Mining Increases in Vietnam

Entrepreneurs and enthusiasts related to cryptocurrency in Vietnam have seen a significant increase in demand for cryptocurrency mining in the country, local news agency VnExpress reported on Monday.

Ethereum Second Tier Solutions On The Agenda After Price Increase at Ether

Ethereum price continues to exceed $4,000 and consolidate to climb higher. ETH second layer and adaptation continues to rise after the London hard fork.

KB Asset Management Launches Blockchain Investment Fund

KB Asset Management, the investment arm of South Korea's largest financial company, KB Financial Group, has unveiled the country's first blockchain-focused investment fund, the Korea Times reported on Monday.

150 Billion Shiba Inu Acquisitions from Whale, SHIB Continues Uptrend

A mysterious big wallet investor bought an SHIB worth $1.1 million on September 5.

Moody's Eyes DeFi Sector

The credit rating giant is looking for staff to support research into DeFi, CBDCs, stablecoins, NFT's and other crypto assets.

El Salvador Buys Bitcoin

El Salvador's President Niyab Bukele said in a statement that his country has purchased 200 Bitcoins and will continue to do so in the coming periods.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359480.81 TRY

Bitcoin, which has a horizontal price movement in the morning, is priced at $52,704. Bitcoin has been priced negatively across the market for a long time, but there has been a positive divergence in Bitcoin over the past few days. Bitcoin dominance increased by about 3 percent in general market conditions where we saw a decline in BTC parities.

When we consider BTC/USDT parity technically, BTC broke the resistance level in the band 50.400-51.200 dollars upwards and yesterday again rejected the upper level of this band and continued its rise after successful rejection. With the daily candle closure yesterday, we see MACD signaling take. While we maintain outlook positivity for BTC during the daily period, we maintain our price target of $53,250, which we stated in the bulletin yesterday. 

RESISTANCES 53.246 / 54.031 / 55.174
SUPPORTS 51.318 / 50.175 / 49.390

BITCOIN [BTC] 359480.81 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24637.63 TRY

Ethereum, which lost about 0.45 percent in the morning, is priced at $3911.50. When we look at the volume of transfers between exchange wallets and personal wallets in the daily period, we see that approximately $221 million worth of ETH has been removed from the exchanges in the last 24 hours. In ETH, where the trend of exiting the stock markets has been going on for a very long time, the amount of supply held on the stock exchanges continues to decrease and the risk of pressure to sell with it decreases.

When we consider the ETH/USDT parity in a technical sense, there has been horizontal, volumeless and jammed price movement for the last 5 days. Chain data for ETH and newsfeed/project developments in the basic sense continue positively. Therefore, we see the probability of an upward break in the price squeeze. Considering that MACD continues to signal al during the daily period, the upward volume breakdown of the jamming area we are in can allow us to see new peak levels for ETH. Our short-term price target of $4170 remains stable.

RESISTANCES 3968 / 4023 / 4075
SUPPORTS 3752 / 3807 / 3860

ETHEREUM [ETH] 24637.63 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.96 TRY

AVAX, which lost about 2.46 percent in the morning, is priced at $45.98. When we examined the AVAX/USDT pair technically, AVAX, which broke its downward trend upwards with above-average trading volume as of August 24, did not experience the expected upward movement after the breakdown. For AVAX, which has a horizontal price movement in the $44.5-$51 band, the stock continues to sell in the morning hours over a four-hour period. If the support level at $44.5 is broken downwards, there may be retreats towards $38.16, which again corresponds to Fibo'23.60.

RESISTANCES 50,83 / 55,55 / 59,74
SUPPORTS 33,01 / 37,73 / 41,92

AVALANCHE [AVAX] 319.96 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.76 TRY

Ripple, which lost about 0.75 percent in the morning, is priced at $1.3713. When we consider the XRP/USDT pair technically, XRP last week broke its downward trend as of August 15th, and held above the $1.2379 level that corresponds to this trend and the Fibo'50 slice. With this breakdown, the price we mentioned earlier in the bulletins has reached our target of $1.41 as of yesterday. Yesterday it signalled get MACD along with the daily candle, and considering the golden cross that came in earlier, the outlook for XRP is positive in the daily period. If the $1.41 level breaks upwards and persistence is achieved on it, our next price target is $1.58.

RESISTANCES 1,4194 / 1,4694 / 1,5241
SUPPORTS 1,2100 / 1,2600 / 1,3147

RIPPLE [XRP] 8.76 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 991.01 TRY

LTC, which gained about 0.36 percent in the morning, is priced at $218.8. When we consider LTC/USDT parity in technical terms, the sharp rises in LTC, which recently broke the jamming area upwards, exceeded the resistance zone of 207-211. In LTC, which experienced a retreat towards this region again yesterday, MACD continues to signal an upward trend in the daily period. If LTC does not break down the support level in the $207-211 band, we continue to expect an increase towards our price target of $243.8.

RESISTANCES 229,31 / 239,83 / 248,37
SUPPORTS 191,19 / 201,71 / 210,25

LITECOIN [LTC] 991.01 TRY +7.00 +0.03 VOL 21 LTC

LINK, which lost about 0.35 percent in the morning, is priced at $34.56. If we examine the LINK/USDT parity in a technical sense, although there were low volume price movements throughout the market yesterday, the last 20 days of above-average trading volume in LINK. LINK, which yesterday rejected the upward band of $31.3-32.2 on September 5, continued its upward movement as a result of the successful rejection and rose to our price target of $35.30, which we stated in the daily bulletin yesterday. If the rises for LINK continue in the short term, our initial price target is $39.48.

RESISTANCES 36,47 / 38,32 / 40,34
SUPPORTS 28,73 / 30,58 / 32,60

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

BAT, which lost about 1.80 percent in the morning, is priced at $0.938. BAT, which continues to move prices within the existing rising channel as of July 20th when we consider BAT/USDT parity technically, recently experienced a retreat towards the channel middle band with its reaction from the $1 levels close to the channel upper band. In the morning, the channel signaled to sell MACD in a 4-hour period in BAT, which was priced just above the middle band. If the channel middle band breaks downwards, the retreat towards $0.90 is expected to continue.

RESISTANCES 0,9785 / 1,0227 / 1,0560
SUPPORTS 0,8235 / 0,8677 / 0,9010

BASIC ATTENTION TOKEN [BAT] 5.65 TRY +7.00 +0.03 VOL 21 BAT

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