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BTC/USD has broken major psychological resistance $400) and jumped till $443 at the time of writing. It is currently trading at $ has declined till $402 in the morning and recovered from that level.
- Short term trend is bullish as long as support $374 holds.
- The pair is facing major resistance around $453 (Nov 2014 high) and break above confirms further bullishness, a jump till $469/$500/$523 is possible
- On the downside any break below $374 will drag the pair further down till $358/$349
- The pair's minor support is around $399 and break below will drag the pair till $380/$374 .
It is good to buy at dips around $395-400 with SL around $374 for the TP of $453/$470
