FxWirePro:BTC/USD consolidates in narrow range, good to buy at dips
BTC/USD is trading in narrow range between $370-$380. It is currently trading around $376. Short term trend is slightly bullish as long as support $350 holds. On the higher side the pair is facing strong resistance aroun…
BTC/USD is trading in narrow range between $370-$380. It is currently trading around $376. Short term trend is slightly bullish as long as support $350 holds.
On the higher side the pair is facing strong resistance around $393 (55 day 4H EMA).Any break above $393 will take the pair till $402/$424/$450.
The pair's major support is around $350 and any break below will drag the pair further down till $320/$300.
It is good to buy at dips around $370-$375 with SL around $350 for the TP of $402/$423
