BTC/EUR has increased from the level of 396 till 948 in the previous year almost 139% jump. The pair broke the high of 948 yesterday and jumped till 957 (COINBASE). It is currently trading around 958.23 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 881

Kijun-Sen level: 828

Minor weakness level – 855 (7- day MA)

Major reversal level -673 (Nov 20th low)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is trading slightly above year high and slight jump till 993 is likely.

Major resistance is around 948 (previous year high) and any break above will take the pair to next level till 960 (261.8% retracement of 915 and 889)/993 (161.8% retracement of 948.56 and 877). Short-term support is seen at 933 (5-day MA) and any break below will drag the pair till 903 (10- day MA)/877 (30th Dec low).