Thursday, October 15, 2026

Technicals

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FxWirePro: BTC/USD struggles to close strong support at $370, good to buy at dips

BTC/USD has made a high of $405 yesterday and slightly declined from that level. It is currently trading around $392. Short term trend is bullish as long as support $370 holds.On the lower side any break below $370 will …

By Lis Howell
1 min read
FxWirePro: BTC/USD struggles to close strong support at $370, good to buy at dips
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  • BTC/USD has made a high of $405 yesterday and slightly declined from that level. It is currently trading around $392.

  • Short term trend is bullish as long as support $370 holds.On the lower side any break below $370 will drag the pair down till $350/$315 (200 day MA).

  • The pair's resistance is around $405 and break above will take the pair to next level $425/$450/$466.

  • Overall bullish invalidation below $315 (200 day MA).

  • Momentum indicator Stoch RSI - Buy- Buy

It is good to buy at dips around $390-395 with SL around $370 for the TP of $450/$465

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