ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC tries to limit its losses
Positive statements on the tight monetary policies by developed country’s central banks and expectations that Fed will hike rates by 250 bps in total in 2022 have led to strong sales in Bitcoin. Technically, it is trying to stay above 40 000 USD. However, if this level is broken, we will follow 39 700 and 38 500 support levels. On the other side, if bullish moves break the descending minor channel upwards, we will target 41 500 and 43 250 resistance levels.
