BTC/USD has broken major resistance $257 and reached till $268. Overall trend is bullish as long as support $ 248 holds Bullish invalidation can happen only below $248 level. The major support is around $248 and break be…
BTC/USD has broken major resistance $257 and reached till $268. Overall trend is bullish as long as support $ 248 holds
Bullish invalidation can happen only below $248 level. The major support is around $248 and break below will drag the pair further down till $232/$225.
Any break below will take the pair down till $218/$211.
The pair's major resistance is around $268 and any break above would extend gains till $280/$292.
Indicator (Daily chart)
CCI (50) -Buy
CCI (14) - Buy
Ichimoku- Buy
We prefer to go buy around $258 with stop around $248 for the target of $269/$280.
Potential short-liquidation exposure was reported above $85,000 in the week leading up to Oct. 15. A separate cluster near $75,000 has no stated position direction.
Issuance will stay level for about 12 months, then taper to zero over 24 months. Five community-nominated council candidates require confirmation by veHNT holders.
