ANALYSIS
NQ100 Finds Support from PPIApr 14
Selling Pressure Continues in Bitcoin
The decline in the service sector following manufacturing has weakened risk appetite in economies that dominate global markets. It is seen that Bitcoin, where the selling pressure continues in the current environment, is priced under the ascending channel. The support levels of $ 18,500 and then $ 16,700 may come to the fore in the crypto money, where we expect the slackening trend to continue in the persistence below the $ 20,700 level, which indicates the lower band of the formation. Otherwise, possible voluminous crossings in the mentioned region may allow us to test the $21,800 resistance.
