BTC/USD has broken short term support $270 and declined till $251.96. It is currently trading at $260. Short term trend is bullish as long as support $247 holds.
The major support is around $247 (200 day MA) and break below will drag the pair further down till $232/$220.
The pair’s minor resistance is around $266 and any break above would extend gains till $276/$290.
Indicator (Daily chart)
CCI (50) –Sell
Ichimoku- Neutral
We prefer to buy at dips around $258 with stop around $247 for the target of $275/$286.
The major support is around $247 (200 day MA) and break below will drag the pair further down till $232/$220.
The pair’s minor resistance is around $266 and any break above would extend gains till $276/$290.
Indicator (Daily chart)
CCI (50) –Sell
Ichimoku- Neutral
We prefer to buy at dips around $258 with stop around $247 for the target of $275/$286.