ANALYSIS
NQ100 Finds Support from PPIApr 14
$20K Level Will Be Determinant in Bitcoin
The fact that inflation rates in the United States have not yet been brought under control creates the expectation that the Fed will continue its aggressive tightening policies while causing seller movements in Bitcoin. When we examine it technically, we will monitor the rising wedge lower band $20,000 levels in terms of the continuity of losses in the leading cryptocurrency. Possible movements below this level may bring the support levels of $19,500 and then $19,000 to the agenda harshly. Otherwise, the levels of $21,000 can be considered as resistance in possible response purchases during the day.
