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BTC/USD Short term outlook

Monday, April 6, 2015 6:42 AM UTC

Intraday trend-Bullish

BTC/USD has made a high of 258.84 after making a low of $234. The pair's major resistance is around $263.40 (200 day 4HMA) and any break above will take the pair to next target $273.95/$280.
On downside major support is around $251 (20 day HMA) and any break below could pave way for next target $246/$241.

Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Recommendation: Buy BTC/USD around $250 SL $240, Targets $264/$272.

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BTC/USD Short term outlook

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