FxWirePro: BTC/USD faces strong resistance at $425, good to buy at dips
Major resistance - $425 BTC/USD has broken major resistance $409 and jumped till $421 at the time of writing. It is currently trading around $419. Short term trend is slightly bullish as long as support $390 holds. On th…
BTC/USD has broken major resistance $409 and jumped till $421 at the time of writing. It is currently trading around $419. Short term trend is slightly bullish as long as support $390 holds.
On the higher side any break above $425 will take the pair till $450/$465.
The pair's major support is around $390 and any break below will drag the pair further down till $370/$350.
Overall trend reversal only below $350.
It is good to buy at dips around $410 with SL around $390 for the TP of $450/$465.
