Digital Currency

BTC/USD Short Term outlook

BTC/USD has broken major resistance $269 and reached till $272. Overall trend is bullish as long as support $ 258 holds. Bullish invalidation can happen only below $242 level. The minor support is around $258 and break b…

By Lis HowellJul 7, 2015, 7:14 AM UTC

1 min read

BTC/USD Short Term outlook — Image from the original EconoTimes article

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BTC/USD has broken major resistance $269 and reached till $272. Overall trend is bullish as long as support $ 258 holds.
Bullish invalidation can happen only below $242 level. The minor support is around $258 and break below will drag the pair further down till $248.
The pair's major resistance is around $269 and any break above would extend gains till $280/$292.

Indicator (4 Hour chart)

CCI (50) -Buy

CCI (14) - Buy

Ichimoku- Buy

We prefer to go buy around $265 with stop around $258 for the target of $280.

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