ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC is rising again
Recovery in global risk levels and Chinese government’s statement that they won’t stop supporting the financial markets have led to bullish moves in Bitcoin. Technically, the cryptocurrency has just broken the upper line of the descending minor channel and if it stays above 40 000, we will follow 41 500 and 42 500 resistance levels. On the other side, we will keep an eye on 39 250, which is a strong support line below.
