ANALYSIS
NQ100 Finds Support from PPIApr 14
BTCUSD:Moderate Rises on The Boil
Despite the cautious atmosphere in the money markets, the unexpected interest rate cut of the People's Bank of China (PBoC) allows us to see reaction purchases in Bitcoin. When we examine it technically, the cryptocurrency, which crossed over the descending minor channel, may want to test the resistance levels of 31 thousand 300 and then 32 thousand 500 dollars above if it can hold at 30 thousand dollars. Otherwise, the level of 28 thousand 500 dollars can be considered as support in possible resolutions at the said threshold level.
