Bitcoin Experienced a Strong Rise
The leading cryptocurrency Bitcoin tested above the critical threshold of 21,500, with its sharp rise, and managed to jump above the 22 thousand level. However, with the minor pullbacks, it continues to be traded at $ 21,775 at the moment. In our price analysis at the beginning of the week, we stated that if Bitcoin throws itself above the $ 20 thousand 950 resistance, the next resistance point will be at the level of $ 22 thousand 500. If Bitcoin determines the level of 21 thousand 500 and 21 thousand 800 dollars as its support point, we can say that 22 thousand 500 dollars will be seen very easily. We can show the support of the transaction volume as the reason for this rise in Bitcoin. In case of a possible decline, we can say that the closest support point for Bitcoin is $ 21 thousand 250. A close below $ 21 thousand 250 may reduce the leading cryptocurrency to $ 20 thousand 500. When we look at the fear and greed index, we see that the crypto fear and greed index has reached the level of 20, reaching its highest value since May.
What’s Up With Ethereum?
When we look at the leading altcoin Ethereum, we see that Ethereum also increased by 5.60% according to 24-hour data and was priced at $ 1241. The leading altcoin has experienced a small pullback, reaching the level of 1262 dollars in the last 24 hours, but it has compensated for the losses it experienced last week with the price activity it is currently performing. In our analysis for Ethereum at the beginning of the week, we stated that the levels of 1100 and 1150 dollars are critical and that the closures to be experienced below these levels will pull Ethereum back to the levels of 847 and 700 dollars. We said that closings above 1110 and 1150 dollars can increase Ethereum up to 1700 dollars. These levels are still valid, the leading altcoin can see the levels of $ 1700 in the short term with the closings above $ 1150. It is very important for altcoins that Ethereum stays above the $1150 level, because after the rise in Bitcoin and Ethereum, there were serious revivals in altcoins.
BTC and ETH Leading Altcoins
In the ongoing rise led by Bitcoin and Ethereum, altcoins are also in the positive zone. Among the top 100 cryptocurrencies, Aave ranks first among the most valued cryptocurrencies with an increase of 14%, followed by Polygon with an increase of 12% and Internet Computer with an increase of 10%. When we look at the most popular cryptocurrencies in the top 10, we can say that Dogecoin is priced at $ 0.069, Solana is at $ 37 with an increase of 0.20% according to 24-hour data, and Cardano continues its price activity at the level of 46 cents. When we look at XRP, it is at the level of 34 cents with a decrease of 0.66% in the last 24 hours.
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