- BTC/USD has recovered till $235 after making a low of $198 and is currently trading at $228. Short term trend is bullish as long as support $198 holds.
- The minor resistance is around $240 and break above will take the pair to next target $250/$268.
- The pair’s minor support is around $220 and any break below will drag the pair further down till $210/$198.
Indicator (Daily chart)
CCI (50) -Sell
We prefer to buy at dips around $220 with stop around $209 for the target of $248/$268/$290
The material has been provided by InstaForex Company – www.instaforex.com