ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC legal payment instrument, recovering the losses
Against rising momentum in the US index, news that a few countries started to use Bitcoin as a legal payment instrument and rise in volume of the cryptocurrency investment funds support the cryptocurrency, limiting the losses. Technically, if BTC exceeds the 50-period exponential moving average indicating 40 000 USD, we will follow 40 750 and 41 500 resistance levels. On the other side, possible downward pressures are likely to hit 38 500 support below.
