ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC is heading downwards
U.S. Department of the Treasury’s warning on cryptocurrency exchanges following the sanctions implemented on Russia has led to downward movements in Bitcoin. Afterwards, these movements gained momentum due to the higher-than-expected non-farm payrolls data in the US. Technically, BTC has broken the ascending minor channel and targeted Fibonacci retracement of 50 and 61 percent indicating 39 700 and 38 500 respectively. Against possible rises, on the other hand, 42 500 resistance will be on our radar.
