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Technicals / Digital Currency

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BTC/USD breaks minor resistance $415, jump till $450/$465 is possible

Minor resistance - $415 BTC/USD has broken minor resistance $415 and jumped till $420 at the time of writing after making a low of $382. It is trading around $410. Short term trend is slightly bullish as long as support …

By Lis Howell
1 min read
BTC/USD breaks minor resistance $415, jump till $450/$465 is possible
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  • Minor resistance  - $415
     
  • BTC/USD has broken minor resistance $415 and jumped till $420 at the time of writing after making a low of $382. It is trading around $410.
     
  • Short term trend is slightly bullish as long as support $370 holds.
     
  • On the lower side major support is around $370 and any break below $370 confirms minor trend reversal, decline till $350/$318 is possible.
     
  • BTC/USD minor resistance is around $415 and break above targets $425/$450.

     It is good to buy around $415-$418 with SL around $400 for the TP of $450/$465

 

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