Digital Currency

BTC/USD Short term outlook

BTC/USD has formed short term bottom around $235 and is slightly recovering from that level. Overall trend is slightly bullish as long as support $234 holds. On upside major resistance is around $250 (200 day HMA) and an…

By Lis HowellMar 31, 2015, 6:29 AM UTC

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

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BTC/USD has formed short term bottom around $235 and is slightly recovering from that level. Overall trend is slightly bullish as long as support $234 holds.
On upside major resistance is around $250 (200 day HMA) and any break above could pave way for next target $ pair's minor support is around $234 and break below will target $225/$220.

Indicators (1 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Recommendation: Buy BTC/USD around $245, SL $234,Target $267

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