- BTC/USD is facing resistance around $248 and short term bullishness can be seen only above that level.
- Any break above $248 will take the pair further up till $258/$269.
- On the down side minor support is around $230 and any break below will take the pair further down till $224/$211.
Indicator (4 Hours chart)
CCI (50) -Buy
CCI (14) – Buy
Ichimoku- Buy
We prefer to go buy at dips in BTC/USD around $240 with stop around $248 for the target of $226.
The material has been provided by InstaForex Company – www.instaforex.com