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FxWirePro: BTC/EUR hits fresh all-time high, further jump till 2420 likely

BTC/EUR continuing its winning streak and hits fresh all- time high at 2118 at the time of writing after breaking major psychological level 2000 (COINBASE). The pair has formed a minor bottom around 1502 on May 13th 2017 and any minor weakness can be seen only below that level. It is currently trading around 1954.78 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1840

Kijun-Sen level: 1644

Major reversal level -1500 (May 13th 2017 low)

Long-term trend remains to be bullish. BTC/EUR hits fresh all-time high at the time of writing and a jump till 2042 likely.

Major resistance is around 2000 and any break above will take the pair to next level till 2165 (61.8% projection of 713 to 1225 from 828)/2425 (100% projection from 828 to 1750 from 1502). Short term support is seen at 1975 (23.6% retracement of 1502 and 2118) and any break below will drag the pair down till 1840 (daily Tenkan-Sen)/1770 (7 day MA))/1502 (May 13th 2017).

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