BTC/EUR is seen trading slightly above on Wednesday and the pair has declined slightly below daily Tenken-Sen and recovered from that level (COINBASE). It is currently trading around 839.01 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 829

Kijun-Sen level: 903.17

Major reversal level -795 (60- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR faces strong support at 805 (60- day EMA) and any break below confirms minor weakness.

Major resistance is around 903 (daily Kijun-Sen) and any break above will take the pair to next level till 952 (61.8% retracement of 1111.56 and 694.78)/1000. Short term support is seen at 829 (daily Tenken-Sen) and any break below will drag the pair till 805 (60- day EMA)/ 770 (89-day EMA).