- BTC/USD has broken short term resistance $280 and it confirms short term bullishness, a jump till $300 cannot be ruled out.
- The minor support is around $278 and break below will drag the pair further down till $260/$250.
- The pair’s minor resistance is around $285 and any break above would extend gains till $293/$300.
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Buy
We prefer to go Buy around $280 with stop around $270 for the target of $293/$300.
The material has been provided by InstaForex Company – www.instaforex.com