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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 b…

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BTC/USD Short Term outlook
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  • 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.

  • The minor support is around $252.

  • 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 $254 with stop around $248 for the target of $269/$280.

 

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