BTC/EUR is seen trading slightly above on Thursday and has broken minor support at 30- day EMA around 839and declined till 825 from that level (COINBASE). It is currently trading around 844.70 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 834

Kijun-Sen level: 903.17

Major reversal level -773 (89- day EMA)

The long-term trend remains to be bullish. In the daily chart, BTC/EUR faces strong support at 814 (55- day EMA) and any break below confirms minor weakness.

Major resistance is around 853 (38.2% retracement of 1111.56 and 694) and any break above will take the pair to next level till 903 (daily Kijun-Sen) 952 (61.8% retracement of 1111.56 and 694.78)/1000. Short term support is seen at 814 (55- day EMA) and any break below will drag the pair till 773 (89-day EMA)/694 (Jan 12th low).