BTC/USD continues to hover around 21-day MA and is trading at 726 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 733.91

Kijun Sen: 712.69

Trend reversal: 668.97 (90 EMA)

The pair’s upside is being capped by 732.23 levels (10-EMA) and a break above would see it testing 755 levels (November 19 high)/778.85 (June 18 high).

On the downside, the pair is trading slightly below 726.98 (21-day MA) and a close below would confirm minor bearishness in the pair, and weaken it to 714 (November 20 low)/ 702 (61.8% retracement of 670.32 and 755.07).