FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips
8 April 2016, 09:44
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FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips
- 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.
The material has been provided by InstaForex Company - www.instaforex.com
