BTC/USD is trying to maintain its strength above the 700 mark and is currently trading at 703 levels (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 707.75

Kijun Sen: 684.66

Trend reversal: 632.72 (90 EMA)

On the topside, a consistent break above 707.81 (10-day MA) would send the pair soaring to 745 levels (November 03 high). Further strength would see it testing 778.85 (June 18 high)/ 800.00.

On the flipside, any violation of the psychological 700 level would weaken the pair to 678.54 (21-day MA) and then to 650.72 (55 EMA).