BTC/USD is gradually moving up after it fell to 683 levels. The pair is currently trading at 713 levels at press time (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 712.04

Kijun Sen: 686.34

Trend reversal: 646.13 (90 EMA)

On the up, the pair faces major resistance at 745 levels (November 03 high) and a break above would target 778.85 (June 18 high)/ 800 levels.

On the reverse side, the pair has taken support near 704.90 (21-day MA) and a break below would see a dip till 683(November 13 low)/ 665.61 (55 EMA).