FxWirePro
Short

BTC/USD struggles to close above $300,targets $258

BTCE:BTCUSD   Bitcoin / U.S. Dollar
252 0 7
BTC/USD has made a high of $310 and retreated from that level. Overall trend is weak as long as support $295 holds

The minor support is around $286 and break below will drag the pair further down till $270/$254.

The pair’s major resistance is around $310 and any break above would extend gains till $332/$357.

The minor resistance is around $295 and break above targets $304/$310.

Indicator (4 Hour chart)

CCI (50) –Buy

Ichimoku- Sell

We prefer to go sell around $285 with stop around $296 for the target of $270/$258.

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