FxWirePro: BTC/USD faces strong support near 200 day MA, good to buy at dips

• BTC/USD has broken short term support $270 and declined till $251.96. It is currently trading at $260. Short term trend is bullish as long as support $247 holds.
  
  
•  The major support is around $247 (200 day MA) and break below will drag the pair further down till $232/$220.
  
  
• The pair's minor resistance is around $266 and any break above would extend gains till $276/$290.

 Indicator (Daily chart)

CCI (50) -Sell

Ichimoku- Neutral

We prefer to buy at dips around $258 with stop around $247 for the target of $275/$286.