FxWirePro: BTC/USD Consolidates in Narrow Range, Good to Buy at Dips
- Major Resistance - $428
- BTC/USD has slightly retreated till $420.57 at the time of writing after making a high of $426.67. It is currently trading around $422.
- 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