FXWIREPRO: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips
11 April 2016, 12:46
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FXWIREPRO: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips
- Major support - $400
- BTC/USD has slightly retreated after making a low of $412 yesterday. It is currently trading around $419.72.
- 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
