BTC/USD trades well above 200 day MA, targets $272

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
354 0 6
BTC/USD has broken minor resistance $250 and jumped till $256 It is currently trading at $254. Short term trend is bullish as long as support $235 holds

The major resistance is around $258and break above will take the pair to next target $272/$276.

The pair’s minor support is around $245 and any break below will drag the pair further down till $240/$235.

Bullish invalidation only below $234

Indicator ( Daily chart )

CCI (50) –Buy

Ichimoku- Buy

We prefer to buy around $250 with SL around $244 for the TP of $272/$280.
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