FxWirePro: BTC/USD Struggles to Break Above $470, Good to Buy at Dips

FxWirePro: BTC/USD Struggles to Break Above $470, Good to Buy at Dips

• Major resistance -$470 
• BTC/USD has once again retreated after making a high of $469.47. It is currently trading around $464. 
• Short term trend is bullish as long as support $432 holds 
• The pair’s major support - $432 (21 day MA) and any slight weakness can be seen only below $432. 
• Any break below $432 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA). 
• On the higher side resistance is at $470 (Yesterday high) and any indicative break above targets $480/$504/$550.
  

It is good to buy at dips around $450 with SL around $434 for the TP of $480/$504/$550.

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