FXWIREPRO: BTC/USD Faces Strong Resistance at $428, Good to Buy at Dips.
- Major Resistance - $428
- BTC/USD has slightly retreated after making a high of $426.67. It is currently trading around $424.
- 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.
The material has been provided by InstaForex Company - www.instaforex.com