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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.
