BTC/USD faces support near 200 MA,good to buy at dips

BTCE:BTCUSD   Bitcoin / U.S. Dollar
452 3 6
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.

It makes sense and....
I want to believe
Wow! Nice to see you started doing BTC analysis here!
FxWirePro oleg.golubovich
Thank you.
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