With the participation of many new investors in the crypto money markets, sharp rises and sharp declines have started to be seen recently. It started to be thought that there were some manipulative news, manipulative buying and selling movements behind these drastic movements. Especially recently, when Elon Musk put a Bitcoin logo on his twitter account and tweeted about Bitcoin, Bitcoin increased by approximately 20% from $ 32000 to $ 38000.
Bitcoin
Marathon Patent Group , one of the major Bitcoin mining companies , announced that it purchased 4,813 Bitcoins with an average price of $ 31,135. After buying $ 150 million Bitcoin, Marathon CEO Merrick Okamoto , on the issue The BlockHe said investing in Bitcoin is a better long-term strategy for the company than keeping the cash reserve in the US dollar. It is known that the company has been mining Bitcoin since late 2017, the amount obtained from Bitcoin mining to date is 2560 BTC and currently approximately 1.5 to 2 BTC is produced per day. Aiming to increase from 256 petahash levels to 10.34 eksahash levels, Marathon aims to produce between 55 and 60 Bitcoins per day with buhash rate. It can be said that this buying move, which the company made at $ 31,135, was made with the expectation of continuing the sharp increases experienced by Bitcoin in the recent period.
In the statement made by the senior management staff of Guggenheim Partners , Bitcoin predictions were made. Guggenheim's chief investment officer (CIO) Scott Minerd said in a statement on the CNBC Bell program on January 21 that Bitcoin will not break another record. Minerd stated that Bitcoin, which saw a record $ 42,000 on January 8, is unlikely to go higher than this level by 2022. "I think we see the peak until next year. We will probably see a decline to the level of 20 thousand dollars," Minerd said. With the intense effect of manipulation on crypto money markets in recent days, it is thought that such statements are aimed at dragging small investors into a FUD wave.
Bitcoin is currently trading at $ 33,367, below its 20-day moving average of $ 34,300, but with a 50-day moving average of $ 30,957. On a daily basis, the RSI (14) value is seen as positive at the level of 53,582 and the STOCHRSI (14) value at the level of 68,537. Significant support levels for Bitcoin in the short term are 29.924 / 31.057 / 32.082; important resistance levels are foreseen as 34.240 / 35.373 / 36.399.
Ethereum
Ethereum mining revenues reached their highest level in the past three years. With Ethereum seeing a new price peak in January 2021 and increasing interest in Ethereum, Ethereum mining revenues reached the peak of the last three years, exceeding $ 800 million. It was stated that 40% of these revenues came from transaction fees on the ethereum network.
Grayscale , one of the world's largest digital asset managers, reopened the Ethereum Trust to its investors. Stating that Ethereum Trust's private sale will continue periodically and daily subscriptions will be offered to investors, may positively affect pricing as it will provide capital entry into Ethereum. Continuing in parallel with Bitcoin pricing and maintaining its strong upward potential, Ethereum can positively price the positive effects of its partnership with Reddit in the medium and long term.
Ethereum, which is currently meeting with buyers at 1.308 levels, continues to move above the 20-day moving average as well as the 1281 and 50-day moving average, which is a psychological support. Ethereum, which has a daily RSI (14) value of 57,590 and a STOCHRSI (14) value of 23,335, shows a graph parallel to Bitcoin pricing. Significant support levels can be seen as 1172/1227/1270, while key resistance levels can be seen as 1367/1422/1465.
Dogecoin
Dogecoin is a Litecoin-based electronic currency, a Shiba Inu dog, whose logo was inspired by the Internet phenomenon Doge, created by software developer Billy Markus from Portland, Oregon . Dogecoin's launch goal was to create a "fun" cryptocurrency that could reach a wider audience than Bitcoin.
Dogecoin, which has been on a horizontal course for a long time since the second half of 2018, has recently experienced an increase of 1000%, especially with the statements of Elon Musk, the richest person in the world, and fell again.
Technical analysis is very difficult for Dogecoin, which has experienced a manipulative increase and is currently priced at $ 0.040080. However, on a daily basis, it continues to meet with buyers above the 20-day moving average of 0.15861 and 50-day moving average of 0.010106. Investors who will trade in volatile cryptocurrencies such as Dogecoin should be much more careful and consider volumetric changes as well as pricing. On a daily basis, the RSI (14) value is seen as 70,056 and the STOCHRSI (14) value as 53,539. Significant support levels for Dogecoin can be seen as 0.019319 / 0.023635 / 0.030246, while resistance levels can be seen as 0.045489 / 0.05210 / 0.57882.
