BTC/EUR has jumped well above 1000 yesterday and hits a fresh life-time high (COINBASE). The pair has close well above psychological level 1000 and is expected to go further in the coming days. It is currently trading around 1100.20 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 978.95

Kijun-Sen level: 912.45

Minor weakness level – 979 (7- day EMA)

Minor reversal level -800 (Dec 25th low)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR has closed at 1082 yesterday well above 1000 and slight jump till 1166 is likely.

Major resistance is around 1100 and any break above will take the pair to next level till 1166 (61.8% projection from 877 and 1098 to 1030). Short term support is seen at 1052 (23.6% retracement of 877 and 1108) and any break below will drag the pair till 1018/983 (5- day MA)/947 (10- day MA).