FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips
Thursday, April 14, 2016 9:24 AM UTC
- Major Resistance - $428
- BTC/USD has slightly retreated till $420.57 at the time of writing after making a high of $426.67. It is currently trading around $422.
- Short term trend is slightly bullish as long as support $400 holds.
- On the lower side major support is around $400 and any break below $390 will drag the pair down till $380/$350 is possible.
- BTC/USD major resistance is around $428 and break above targets $450/$465.The minor resistance is around $425.
It is good to buy at dips around $420 with SL around $400 for the TP of $450/$465.
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