ANALYSIS
NQ100 Finds Support from PPIApr 14
Bitcoin Receives Reaction From Oversold Zone
Despite the weak risk appetite in global markets, the liquidity-supporting moves of the BoE and PBoC, in addition to the announcement that Google has chosen Coinbase for cryptocurrency payments, allowed us to see reaction purchases on Bitcoin. Technically speaking, as long as the cryptocurrency, which is priced in the rising channel sub-band region, remains below the $19,500 levels, it may decline to the support levels of 18 thousand 750 and then 18 thousand 100 dollars. Otherwise, in the scenario where the $19,500 resistance, which points to the descending trend levels, is exceeded, the $20,000 levels will be our strong resistance.
