ANALYSIS
NQ100 Finds Support from PPIApr 14
BTC Unable to Gain Momentum
While inflation expectations decreased in global markets, the moderate course of monetary tightening by the central banks of developed countries, especially the FED, allowed us to see purchases in Bitcoin throughout the week. However, it seems that the crypto money, which is stuck in the narrow band, has withdrawn in the last transactions. Technically, the $23,250 levels, which point to the minor ascending channel lower band, will be our strong support. Possible resolutions in this region may bring support levels of $22,450 and then $21,500 to the agenda. In the upside attempts in the opposite scenario, the $ 24,750 levels can be considered as resistance.
