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Turkish President Recep Tayyip Erdogan said that in 2020, the government would finish the testing of digital currency from the Central Bank of Turkey.
The country’s national blockchain-based digital lira is planned to be issued by the Central Bank under the 2020 Annual Presidential Program at the end of next year. Along with the launch of its cryptocurrency, the government is going to start the development of an exclusive platform for making instant payments with a digital lira.
Alongside the central bank, the project will also involve the national tech innovation agency — the Scientific and Technological Research Council of Turkey, also known as TUBITAK.
According to Erdogan, the launch of the state cryptocurrency will strengthen the country’s economy and its influence in the international arena. The main goal of launching a digital lira is to create a financial sector with various tools to expand the investor base and reduce costs. Also, thanks to the advent of its digital currency, Istanbul can become one of the world’s financial centers with attractive conditions for new investors.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin rose to $9,450. This price movement coincided with our forecast. After such a price movement, bitcoin rolled back to the support level of $9,330. Now, its price is $9,370. We expect the continuation of the upward movement. The nearest resistance levels are $9,450, $9,570, $9,700. The nearest support levels are $9,300, $9,200, $8,960, $8,700, $8,500.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum rose again to the resistance level of $194. This price movement coincided with our forecast. After such an increase, the price of ethereum went down. Now, it is $190. In the future, we expect the continuation of the upward trend. The nearest resistance levels are $192, $194, $197, $200. The nearest support levels are $190, $185, $181, $178, $173.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple grew to the resistance level of $0.3025. This price movement coincided with our forecast. After that, the price turned around and fell to the support level of $0.2990. Now, the price of ripple is $0.30. In the future, we expect the continuation of the uptrend. The nearest resistance levels are $0.3025, $0.3050, $0.31, and $0.3160. The nearest support levels are $0.2990, $0.2940, $0.2910, $0.2850.