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BTC/USD hit a fresh high of 750 levels on Friday and continues to hover around this level (Bitstamp).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 716.60
Kijun Sen: 694.99
Trend reversal: 650.10 (90 EMA)
The pair will run into resistance at 778.85 (June 18 high) and a break above would see it testing 800 (psychological level)/819.61 (113% retracement of 778.85 and 465.28).
On the reverse side, the pair seems to have taken support near 720.53 (7-EMA) and any violation would see a dip till 683 (November 13 low)/ 670 (November 03 low).
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BTC/USD hits 5-month high at 750, eyes 778
Friday, November 18, 2016 10:19 AM UTC
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