BTC/USD has broken major resistance $285 and jump till $304 cannot be ruled out of $259. Overall trend is bullish as long as support $268 (55 day EMA) holds.
It is facing short term resistance around $308 and any break above could pave the way for next target $342 (61.8% retracement of $162.68 and $454).
Any short term trend reversal can happen only below 268.Any break below will take the pair further down till $259/250.Minor support is around $276.
Indicators (4 Hour chart) CCI (50) - Buy CCI (14) - Buy Ichimoku- Buy
Recommendation: Buy BTC/USD around $285, SL $275, Targets $304/$340.
Comments
IvanLabrie
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It can get as high as 357 before slowing down significantly I think.
jangseohee
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FxWirePro
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In 4 hour chart it has shown a break out (trend line joining $265 and $285).