BTC/USD faces resistance around $465,break above targets $505
Major resistance - $465
The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446.
Short term trend is still bullish as long as support $425 holds.
Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.
On the lower side below $425 will drag the pair to next level $400/$380.Overall trend reversal only below $380.
It is good to buy above $465 with SL around $445 for the TP of $480/$505
The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446.
Short term trend is still bullish as long as support $425 holds.
Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.
On the lower side below $425 will drag the pair to next level $400/$380.Overall trend reversal only below $380.
It is good to buy above $465 with SL around $445 for the TP of $480/$505
