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BTC/USD breaks short term resistance $280, jump till $300 is possible

  • BTC/USD has broken short term resistance $280 and it confirms short term bullishness, a jump till  $300 cannot be ruled out.

  •  The minor support is around $278 and break below will drag the pair further down till $260/$250.

  • The pair's minor resistance is around $285 and any break above would extend gains till $293/$300.

 Indicator (Daily chart)

CCI (50) -Buy

Ichimoku- Buy

We prefer to go Buy around $280 with stop around $270 for the target of $293/$300.

 

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