ANALYSIS
NQ100 Finds Support from PPIApr 14
48K will set the tone in Bitcoin
We follow 48 000 USD closely in Bitcoin, which has gained a strong upward momentum in the last week with its increasing risk appetite. Possible permanent moves above this region, which points to the ascending minor channel’s upper line, can be decisive for the continuity of bullish movements. Further increases will head for 49 500 and Fibonacci 50 percent retracement line indicating 51 000 levels. Otherwise, 45 750 can be considered as a significant support, in case, 48 000 is not exceeded.
