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).