BTC/EUR is seen trading above on Friday and has recovered sharply after making a low of 825.90 on Jan 25th, 2017 low (COINBASE). It is currently trading around 860.93 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 840

Kijun-Sen level: 903.17

Major reversal level -775 (89- day EMA)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR faces strong support near daily Tenken- Sen and any close below confirms further 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 840 (daily Teneken-Sen) and any break below will drag the pair till 809 (60- day EMA)/775 (89-day EMA)/694 (Jan 12th low).