ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC likely to recover
Risk appetite has started to increase following the start of negotiations between Russia and Ukraine, leading to purchases in Bitcoin. Technically, BTC is likely to continue its recovery trend, in case, it stays above the 50-period simple moving average indicating 38 000. Afterwards it may test 39 150 and 40 000, indicated by Fibonacci retracement line of 50 percent. On the other side, we will follow 37 200 support below the 50 SMA.
