ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC at Critical Threshold
The aggressive interest rate hike concerns in the markets before the FOMC meeting and the re-emerging regulatory comments on cryptocurrencies cause weak pricing in Bitcoin. Technically speaking, we are following the Fibonacci 78 percent extension region $20,000 levels in terms of our trend following in crypto money. Dissolutions in this region, which we interpret as the threshold level, may bring the support levels of 17 thousand 500 and then 15 thousand dollars to the agenda. Otherwise, the $ 24 thousand 200 levels can be followed as resistance in possible reaction purchases in the said region.
