ANALYSIS
NQ100 Finds Support from PPIApr 14
BTCUSD Lost Its Uptrend
Despite the increasing risk appetite in global markets and the strong performance of NQ100, which has a high correlation with Bitcoin, in the last week, there is a price easing in BTCUSD. Technically, the continuation of the power loss in the crypto money may bring the rising minor channel lower band of $22,000 to the agenda. In the scenario that the lower band is crossed, we can retreat to the support level of $20,650. Otherwise, the $24,500 levels will be our strong resistance in possible upward attempts.
