FxWirePro
Long

BTC/USD hits two month high, jump till $480/$504 is possible

BITSTAMP:BTCUSD   Bitcoin / Dollar
178 0 6
BTC/USD breaks major resistance $448 and hits two month high yesterday. The pair has slightly retreated after making a high of $452.

The pair has consolidating between $410-$430 for several weeks and broken major resistance $448 yesterday.

The pair’s major support - $433 (7 day EMA) and any slight weakness can be seen only below $433.

Any break below $433 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).

On the higher side resistance is at $452.11 (Yesterday high) and any indicative break above targets $465/$480/$504.

It is good to buy at dips around $443-$445 with SL around $432 for the TP of $465/$480/$504.
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