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BTC/USD faces trend line resistance around $250, break above targets $290

BTC/USD has recovered till $235 after making a low of $198  and is currently trading at $228. Short term trend is bullish as long as support $198 holds.

  • The minor resistance is around $240 and break above will take the pair to next target $250/$268.
  • The pair's minor support is around $220 and any break below will drag the pair further down  till $210/$198.

Indicator (Daily chart)

CCI (50) -Sell

Ichimoku- neutral

We prefer to buy at dips around $220 with stop around $209 for the target of $248/$268/$290

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