BTC/EUR has shown a huge recovery and hits fresh all-time high of 2706 levels (CEXIO). It is currently trading around 2620 at press time.

Ichimoku analysis of 4-Hour chart shows:

Tenkan-Sen level: 2619

Kijun-Sen level: 2564

Major reversal level -2073 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR hits fresh all- time and a further jump till 2778 is likely.

Major resistance is around 2740 (161.8% retracement of 2621 and 2429) and any break above will take the pair to next level till 2778 (113% retracement of 2675 and 1940)/2800. Short term support is seen at 2585 (21-EMA) and any break below will drag the pair down till 2480 (55- EMA)/ 2429/2385 (89- 4H EMA).

It is good to buy on dips around 2585 with SL around 2450 for the TP of 2670/2778.