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FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

Monday, April 11, 2016 9:35 AM UTC

Major support - $400
BTC/USD has slightly retreated after making a low of $412 yesterday. It is currently trading around $419.72.
Short term trend is slightly bullish as long as support $400 holds.
On the lower side major support is around $400 and any break below $390 will drag the pair down till $380/$350 is possible.
BTC/USD major resistance is around $425 and break above targets $450/$465.The minor resistance is around $425.

It is good to buy at dips around $410-$415 with SL around $400 for the TP of $450/$465.

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FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

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