BTC/USD struggles to close above $250, decline till $200 is possible
BTC/USD has retreated till $223 after making a high of $246 and is currently trading at $227. Short term trend is weak as long as resistance $240 holds. The major resistance is around $240 and break above will take the p…
BTC/USD has retreated till $223 after making a high of $246 and is currently trading at $227. Short term trend is weak as long as resistance $240 holds.
The major resistance is around $240 and break above will take the pair to next target $250/$258.
The pair's minor support is around $230 and any break below will drag the pair further down till $210/$198.
Indicator (4 hours chart)
CCI (50) -Sell
Ichimoku- Sell
We prefer to sell on rallies around $240 with stop around $251 for the target of $215.
