Bitcoin 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 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.