FxWirePro:BTC/USD faces resistance around 20 DMA, good to buy at dips

• Major resistance -$423 (20 day DMA)
  
  
• BTC/USD has retreated after making a high of 422 . It is currently trading around $397.
  
  
• 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 $425 and break above will take the pair to next level $450/$466.
  
  
• Overall bullish invalidation below $315.
  
  
• Momentum indicator Stoch RSI is above 20 level and is showing buy signal.

It is good to buy at dips around $400 with SL around $370 for the TP of $450/$465