ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC Decreased After Inflation Data
The fact that the inflation rates announced in the U.S. for the month of April exceeded market expectations increased the possibility of a rate hike by FED 75 basis points and caused selling in Bitcoin. From a technical perspective, 29 thousand dollars will be our critical level in terms of continuity of slack in cryptocurrency, while a possible price formation below this region could put 27 thousand 750 and then 26 thousand dollars support levels on the agenda. On the other hand, we will keep an eye on the 30 thousand dollar level as resistance in case of possible reaction buying during the day.
