ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Speed Increased in Bitcoin
The loss of strength in the dollar index, along with the moderate atmosphere in global risk appetite, increased the reversals from the bottom in Bitcoin. Technically examined, we follow the levels of $23,500 in cryptocurrency, where volatility increases after the descending minor channel breakdown. Possible permanent transitions over this region, which points to descending major trend levels, can allow us to test resistance levels of $24,400 and then $25,500. On the other hand, in case of possible withdrawals during the day, the levels of $21,500 can be considered as support.
