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Long

BTC/USD faces strong resistance at $425,break above targets $480

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
374 0 2
Major resistance - $425

The pair has made a high of $424.95 and declined till $400. It is currently trading around $422.

Any break above major resistance confirms minor trend reversal a jump till $450/$480 is possible . Intraday trend reversal can be seen only below $400.

On the lower side below $400 will drag the pair to next level$389/$380. Short term trend reversal only below $380.

It is good to buy above $425 with SL around $400 for the TP of $450/$480.
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