BTC/USD Short term outlook

• BTC/USD is currently trading around $276 after making low of $259. Overall trend is bullish as long as support $264 (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 $250/$239.

Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy BTC/USD around $275, SL $264, Target $304.