BTC/USD Short Term outlook

• BTC/USD is facing resistance around $248 and short term bullishness can be seen only above that level.
  
  
• Any break above $248 will take the pair further up till $258/$269.
  
  
• On the down side minor support is around $230 and any break below will take the pair further down till $224/$211.

 Indicator (Daily chart)

CCI (50) -Buy

CCI (14) - Sell

Ichimoku- Sell

We prefer to go Sell on rallies in BTC/USD around $240 with stop around $248 for the target of $226.