BTC/USD faces strong resistance at $428, break above targets $450/$465.
Tuesday, April 12, 2016 12:58 PM UTC
- Major Resistance - $428
- BTC/USD has slightly recovered after making a low of $412. It is currently trading around $425.
- 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 $428and 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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