Bitcoin faces short term resistance around $290, good to buy at dips

BTC/USD has broken short term resistance $280 and jumped till $290. Overall trend is still bullish as long as support $ 270 holds.

 The minor support is around $278 and break below will drag the pair further down till $260/$250.

The pair's minor resistance is around $290 and any break above would extend gains till $300/$310.

Indicator (Daily chart)

CCI (50) -Buy

Ichimoku- Buy

We prefer to go Buy around $280 with stop around $270 for the target of $293/$300.