BTC/USD faces strong resistance around $425, break above targets $465
Thursday, March 17, 2016 9:00 AM UTC
- Major resistance - $425 (trend line joining $447 and $440)
- BTC/USD is consolidating between $421.59 and $406 for the past three trading session. It is trading around $414.
- 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 $400 will drag the pair down till $370/$350 is possible. The minor support is around $400
- BTC/USD major resistance is around $425 and break above targets $450/$465.
It is good to buy around $415-$418 with SL around $400 for the TP of $450/$465
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