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FxWirePro: BTC/USD faces resistance around $448, good to buy at dips

Major Resistance - $448 (Feb 21st 2016) BTC/USD has made a high of $444 and slightly declined from that level. It is currently trading around $442. Minor trend is bullish as long as support $425 (21 day MA) holds. On the…

By FxWire Pro
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FxWirePro: BTC/USD faces resistance around $448, good to buy at dips
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  • Major Resistance    - $448 (Feb 21st 2016)
     
  • BTC/USD has made a high of $444 and slightly declined from that level. It is currently trading around $442.
     
  • Minor trend is bullish as long as support $425 (21 day MA) holds.
     
  • On the lower side major support is around $425 and any break below $425 will drag the pair down till $400/$390 is possible.
     
  • BTC/USD major resistance is around $448 and break above targets $465/$502.
     
     It is good to buy at dips $435 with SL around $425 for the TP of $448/$465.

 

 

 

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