FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 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 $220 and any break below will drag the pair further down till $210/$198.

 Indicator (Daily chart)

CCI (50) -Buy

Ichimoku- Buy

We prefer to buy around $230-32 with SL around $219 for the TP of $250/$258