BTC/EUR break major psychological resistance at 1500 and jumped till 1514 yesterday. The pair shown a mild correction after hitting all time high and is currently trading around 1470 at press time. Minor term trend is bullish as long as support 1299 (55- EMA) holds.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1343

Kijun-Sen level: 1291

Major reversal level -879.89 (200- day MA)

Long-term trend remains to be bullish. BTC/EUR downside is capped by 38.2% fibo and any break below confirms further weakness.

Major resistance is around 1541 (113% retracement of 1514 and 1343) and any break above will take the pair to next level till 1609 (161.8 projection of 826 1160 to 1069). Short term support is seen at 1340 (38.2% retracement of 1514 and 1069) and any break below will drag the pair down till 1280 (10 day MA)/1232 (21- EMA).