FxWirePro: BTC/USD trades well above $400, good to buy at dips
Friday, April 8, 2016 7:03 AM UTC
- Major support - $400
- BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66.
- 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 $425 and break above targets $450/$465.The minor resistance is around $425.
It is good to buy at dips around $410-$415 with SL around $400 for the TP of $450/$465.