ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC Drops Below $20K
In the statements from the Bank of England (BoE), the volatility in the cryptocurrency market stated the need for regulation, causing selling pressure in Bitcoin. In addition, the acceleration of the strength gain in the dollar index gave speed to the downward movements. Technically, the leading cryptocurrency, which we expect the selling pressure to continue in the permanence of our minor formation below the upper band of $ 20 thousand 400, can first fall to the support levels of $18, 500 and then $17, 500 dollars. Otherwise, in the scenario where the upper band is broken, the $21,500 levels will be our strong resistance.
