ANALYSIS
NQ100 Finds Support from PPIApr 14
Purchases are limited in Bitcoin
Thanks to the recovery in worldwide risk appetite in financial markets, we have observed bullish moves in Bitcoin just before the European markets have opened today. Afterwards, these upward movements halted because EU will vote for a draft on limiting cryptocurrencies and crypto exchanges. Technically, if BTC stays below 39 500, the lower line of the minor descending channel, sales will continue and 37 500 and 36 150 support levels will be significant. On the other side, a breakout at the lower line could push it towards 40 800 resistance.
