BTC/USD is hovering around 10-DMA and is currently trading at 608 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 607.15

Kijun Sen: 610.54

Trend reversal: 597.81 (90 EMA)

On the upside, the pair will run into resistance at 615 (100-day MA) and a break above would see the pair testing 628.99 (September 11 high) and then 651.79 (161.8% retracement of 628.99 and 592.10).

On the flip side, support is seen at 604.90 (21-DMA) and a break below would target 597.26 (90 EMA)/ 578.39 (161.8% retracement of 592.10 and 614.28).