FxWirePro: BTC/USD faces strong support around $400, good to buy at dips
BTC/USD has jumped till $434.97 yesterday and slightly declined from that level. It is currently trading around $431. Short term trend is still bullish as long as support $400 holds. The pair's minor resistance is around…
BTC/USD has jumped till $434.97 yesterday and slightly declined from that level. It is currently trading around $431.
Short term trend is still bullish as long as support $400 holds.
The pair's minor resistance is around $435 and any break above will take the pair to next level till $480/$502 is possible. Overall trend reversal can be seen only below $400.
On the lower side below $400 will drag the pair to next level $380/$ trend reversal only below $348.
It is good to buy at dips around $420 with SL around $400 for the TP of $465/$480
