- 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 $253 with stop around $242 for the target of $269/$280.
