FxWirePro: BTC/USD struggles to break above $470, good to buy at dips

• Major resistance -$470 (Apr 26th 2016)
   
• BTC/USD has once declined till $447 after making a high of $464.79.It is currently trading around $453.
   
• Short term trend is bullish as long as support $435 holds
   
• The pair’s major support - $435 (55 day EMA) and any slight weakness can be seen only below $435.
   
• Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $453(7 day EMA)/$440.
   
• On the higher side resistance is at $470 and any indicative break above targets $504/$550.

It is good to buy at dips around $445 with SL around $434 for the TP of $480/$504/$550.