BTC/EUR is seen trading above on Friday. The pair declined sharply after making a temporary top at 673.25 levels (COINBASE). It is currently trading around 636.92 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 639.48

Kijun-Sen level: 610.89

Trend reversal level - (100 day MA) – 575

Long-term trend remains to be bullish. In the daily chart, BTC/EUR takes support near 21-day MA and any slight weakness can be seen only below that level.

Major resistance is around 639.48 (daily Tenken-Sen) (161.8% retracement of 625 and 655) and any violation above will take the pair till 673 (161.8% retracement of 625 and 655) /683.11 (88.6% retracement of 715 and 434.58)/700. Short-term support is seen at 610 (21- day MA) and any break below targets 584 (55- day EMA)/575 (100- day MA).