ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Effort Continues in Bitcoin
Despite the FED-oriented monetary tightening concerns, the preservation of the moderate atmosphere in the cryptocurrency markets supports the recovery of Bitcoin. When we examine it technically, we follow the Fibonacci 38 percent correction and 33 thousand dollar levels in order to accelerate the rise in the leading coin. Possible movements in this region, which also points to the descending channel upper band, may allow us to test the 34 thousand and then 35 thousand dollar resistance levels. On the other hand, the level of 31 thousand dollars can be considered as a support in the possible retracements during the day.
