Thursday, October 15, 2026

Technicals / Digital Currency

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FxWirePro: BTC/USD forms triple bottom around $220, jump till $250 is possible

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 $…

By Lis Howell
1 min read
FxWirePro: BTC/USD forms triple bottom around $220, jump till $250 is possible
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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 $235 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 (4 Hours chart)

CCI (50) -Buy

Ichimoku- Buy

We prefer to buy around $228 with SL around $219 for the TP of $250

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By FxWirePro Team