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BTC/USD Short Term outlook

  • BTC/USD is facing resistance around $244 and short term bullishness can be seen only above that level.

  • Any break above $244 will take the pair further up till $258.

  • On the down side minor support is around $230 and any break below will take the pair further down till $224/$211.

 Indicator (Daily chart)

CCI (50) -Buy

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.

 

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