ANALYSIS
NQ100 Finds Support from PPIApr 14
$19,500 Levels Will Be Determinant in BTCUSD
While the interest rate hike decisions of the central banks of developed countries put pressure on risky assets, the dollar index reached its highest level in 20 years. It is seen that Bitcoin, which has been exposed to severe value losses in the last week with the developments, is trying to survive with the purchases from the bottom. When we examine it technically, we will follow the levels of $19,500 in order to for the recovery in cryptocurrency to gain continuity. Potential bulky crossovers on this region, which points to the descending minor channel upper band, may allow us to test the resistance levels of $20,500 and then $21,200. On the other hand, in the possible retracements during the day, the levels of $18,500 can be considered as support.
