BTC/USD Short term outlook

• BTC/USD is slightly recovering after making low of $259. Overall trend is bullish as long as support $254 (55 day EMA) holds.
  
  
• It is facing short term resistance around $285 and any break above could pave the way for next target $304(Jan 26^th high).
  
  
• Any short term trend reversal can happen only below $ break below will take the pair further down till $242/$233.

Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy BTC/USD around $265, SL $254, Targets $285/$304.