In the latest report published by Bloomberg, it was pointed out that a crisis in Tether will negatively affect the crypto money markets and may cause liquidity problems in the crypto money markets. It was stated in the report that Tether is not transparent and has problems with audit companies. Also, according to Bloomberg analysts, the current situation is different from the 2017 bull rally, which fell below $ 20,000 in terms of volatility, and data from Woobull Charts showed that Bitcoin's 60-day price volatility was only 14.25%, but from 32% of the 2017 peak. showed that it was too much.
Bitcoin
Microsoft co-founder Bill Gates announced that his stance on the leading cryptocurrency Bitcoin (BTC) has changed. Gates stated that he used to take a negative attitude towards Bitcoin, but is now neutral to the biggest cryptocurrency.
According to published reports, MicroStrategy company announced that it plans to offer $ 600 million convertible bonds to buy Bitcoin . Just a day later, MicroStrategy company announced that it wanted to buy $ 900 million worth of Bitcoin. It is stated that MicroStrategy has collected $ 1.05 billion in order to invest more money in Bitcoin.
Bitcoin is currently trading at $ 53,454 , above its 20-day moving average of $ 47,256 . These days, crypto investors need to keep a close eye on the volatility and volume movements of Bitcoin, which is breaking the record again. On a daily basis, the RSI (14) value is seen as positive at 72.195 and the STOCHRSI (14) value at the level of 24.450 . Key support levels for Bitcoin in the short term are 51,740 / 53,013 / 54,258 ; Significant resistance levels are predicted as 58.678 / 59.923 / 61.510 .
Ethereum
The level that I have stated for weeks or even months and which can be seen as the most important level of psychological resistance was exceeded at the weekend, and the largest Altcoin Ethereum (ETH) reached $ 2,000 for the first time. The rise of Bitcoin, the explosion of the DeFi industry, and the positive developments in Ethereum have made Ethereum rise. However, Ethereum, which experienced a retreat after the $ 2,000 level, failed to hold above $ 2,000, especially affected by Bitcoin dominance and Bitcoin pricing, and retreated to $ 1820.
Binance, one of the most important cryptocurrency exchanges in the world last week, temporarily suspended Ethereum transactions for precautionary reasons due to the transaction density on the Ethereum network. This development clearly expresses the demand for Ethereum. Besides
As of 1785 levels that meet the receiver I of ether, the 20-day rolling average is 1787 and 50-day moving average is 1467 continues its movement on the level. Daily basis RSI (14) value of 59.354 with ether to leave, seen parallel to a graph Bitcoin pricing. Significant support levels can be seen at 1.479 / 1.628 / 1744 , while key resistance levels can be seen as 1.931 / 1.977 / 2.020 .
