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FxWirePro:BTC/USD faces strong resistance at $450, good to buy at dips

  • Major resistance - $450
     
  • BTC/USD has broken minor resistance around $425 and jumped till $440.99. It is trading around $434.
     
  • Short term trend is still bullish as long as support $400 holds.
     
  • Any break below $400 confirms minor trend reversal, decline till $370/$350 is possible.
     
  • On the higher side any break above $425 targets $448/$465.

It is good to buy at dips around $420-$425 with SL around $400 for the TP of $448/$465

 

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