ANALYSIS
NQ100 Finds Support from PPIApr 14
The Losses Accelerated on Bitcoin
The tight monetary policies of the central banks of developed countries, especially the FED, cause selling pressure on Bitcoin. In addition, the fact that Bitcoin miners launched their products in the face of rising costs increased the sales momentum. When we examine it technically, the level of 22 thousand dollars will be our close support in the continuation of the loosening during the day. Possible resolutions under this region may cause us to price the Fibonacci 50 percent extension region at 21 thousand dollar levels. Otherwise, the $ 24 thousand 750 levels can be considered as resistance to possible reaction purchases.
