BTC/USD Short Term outlook

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.