Fxwirepro: Btc/usd 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.

The material has been provided by InstaForex Company – www.instaforex.com