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BTC/USD faces strong resistance around $425, break above targets $450/$480

Major resistance - $425 The pair has made a high of $424.95 and declined till $400. It is currently trading around $422. Any break above major resistance confirms minor trend reversal a jump till $450/$480 is possible . …

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BTC/USD faces strong resistance around $425, break above targets $450/$480
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  • Major resistance - $425
     
  • The pair has made a high of $424.95 and declined till $400. It is currently trading around $422.
     
  • Any break above major resistance confirms minor trend reversal a jump till $450/$480 is possible . Intraday trend reversal can be seen only below $400.
     
  • On the lower side below $400 will drag the pair to next level$389/$380. Short term trend reversal only below $380.

It is good to buy above $425 with SL around $400 for the TP of $450/$480.

 

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