- 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.