- BTC/USD is consolidating between $ 292 and $277 and any further bullishness can be seen only above$ 296
- The minor support is around $286 and break below will drag the pair further down till $270/$254.
- The pair’s major resistance is around $310 and any break above would extend gains till $332/$357.
- The minor resistance is around $295 and break above targets $304/$310.
Indicator (4 Hour chart)
CCI (50) -Buy
Ichimoku- Sell
We prefer to go sell around $285 with stop around $296 for the target of $270/$258.
The material has been provided by InstaForex Company – www.instaforex.com