BTC/USD is trading flat and trying to hold its strength above 600 levels. It is currently trading at 603 levels (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bearish

Ichimoku analysis of daily chart:

Tenkan Sen: 600.49

Kijun Sen: 599

Trend reversal: 595.91 (90 EMA)

“The pair’s upside is being capped by 21-DMA,while it has taken support near 10-DMA on the downside. The short-term trend appears weak and a break below 600 would target 592 levels (September 21 low)”, FxWirePro said in a statement.

Major resistance is seen at 606.62 (21-day MA) and a break above would see the pair testing 617.39 (100-DMA)/ 628 (September 11 high).

On the flipside, the pair is likely to find support near 600 levels and a break below would target 595.91 (90 EMA)/548.77 (200-day MA).