BTC/USD has hit a fresh high of 980.74 levels on Thursday and is currently trading at 974 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 881.79

Kijun Sen: 859.74

Trend reversal: 739.85 (90 EMA)

On the upside, the pair faces major resistance at 981 levels (200% retracement of 920 and 859)  and a break above would target 1000 (psychological level)/1055.98 (161.8% extension of 859 and 980.74).

On the reverse side, the pair is likely to find support at 952 (23.6% retracement of 859 and 980.74) and a break below would see it testing 908.34 (7-EMA)/878.35 (10-day MA).