BTC/USD Short Term outlook

• BTC/USD is trading well above both short term resistance $237 (trend line joining $269.90 and $258.80) and also long term resistance $225 (trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out.
  
  
• The pair's major resistance is around $244
  
  
• On the down side short term weakness only below $224 and any break below will take the pair further down till $211.

 Indicator (Daily chart)

CCI (50) - Sell

Woodies CCI (14) - Buy

Ichimoku- Buy

We prefer to go long in BTC/USD around $235 with stop around $224 for the target of $258.