BTC/USD retreats after making a high of $272,good to buy at dip

BTC/USD has made a high of $273 and started retreats from that level. It is currently trading at $260.

Overall trend is still bullish as long as support $245 holds.

The major resistance is around $272 and break above will take the pair to next target $280/$286.

The pair’s minor support is around $245 and any break below will drag the pair further down till $240/$235.

Bullish invalidation only below $245

Indicator (Daily chart)

CCI (50) –Buy

Ichimoku- Buy

We prefer to buy at dips around $255-57 with SL around $245 for the TP of $272/$285.