FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips

FXWIREPRO: BTC/USD Trades Well Above $400, Good to Buy at Dips

8 April 2016, 09:44
Roberto Jacobs
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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



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