ANALYSIS
NQ100 Finds Support from PPIApr 14
Bitcoin Tries to Limit its Losses
While the monetary tightening effect continues in the global markets, the US 10-year treasury yields are eroding the %4 levels, causing pressure on Bitcoin. When we examine it technically, the lower band of our minor formation will be at $18 thousand 100 levels in order for the relaxation in the leading cryptocurrency to gain acceleration. Possible pressured transitions under this region may bring the support levels of 17 thousand 500 followed by the Fibonacci %61 expansion zone 16 thousand 500 dollars to the agenda. In the case of possible reaction purchases in the opposite scenario, the $19,500 levels can be considered as resistance.
