BTC/USD breaks minor trend line resistance, slight jump till $350 is possible
BTC/USD has recovered from the low of $316 and jumped till $335. It is currently trading at $332 The pair has broken minor trend line resistance $333 (trend line joining $356 and $350) but it should close above $336 (200…
BTC/USD has recovered from the low of $316 and jumped till $335. It is currently trading at $332
The pair has broken minor trend line resistance $333 (trend line joining $356 and $350) but it should close above $336 (200 day 4 HMA) in 4 hour chart for further bullishness.
Any close above $336 will take the pair to $350/$356. On the downside minor support is around $325 (55 day 4 HMA) and break below confirms minor trend reversal a decline till $316/$310 is possible.
It is good to buy at dips $331-$332 with SL around $324 for the TP of $340/$350.
The $0.131 mark was the late-September high; a revisit would depend on Bitcoin (BTC) strengthening and crypto-market sentiment improving. No timeframe was given.
