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FxWirePro: BTC/USD faces strong support around $220, 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 $235. Short term trend is bullish as long as support  $220 holds.

  •  The major resistance is around $250 and break above will take the pair to next target $258/$270.
  • The pair's minor support is around $220 and any break below will drag the pair further down till $210/$198.

 Indicator (4 Hours chart)

CCI (50) -Sell

Ichimoku- Buy

We prefer to buy at dips around $230 with stop around $220 for the target of $250/$258.

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