BTC/USD is trading in a narrow range between 724 and 731 levels on Monday as it faces resistance from 10-EMA (Bitstamp).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 734.53

Kijun Sen: 712.69

Trend reversal: 667.61 (90 EMA)

On the upside, the pair faces major resistance at 732.83 levels(10-EMA) and a break above would target 755 levels (November 19 high). Further strength would see it testing 778.85 (June 18 high)/800 (psychological level).

On the reverse side, the pair is hovering around 725.71 (21-day MA) and a consistent break below would weaken it to 714 (November 20 low)/ 702 (61.8% retracement of 670.32 and 755.07).