BTC/EUR is seen trading slightly above on Wednesday and the pair has broken the major resistance at 972 and jumped till 998.94 levels (COINBASE). It is currently trading around 998.22 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 922.75

Kijun-Sen level: 861.15

Major reversal level -809 (89- day EMA)

Long-term trend remains to be bullish. The pair is facing strong psychological resistance at 1000 and any break above will take the pair till 1028/1064 in the short term.

Major resistance is around 1000 and any break above will take the pair to next level till 1028 (161.8% retracement of 900 and 694.78)/1064 (88.6% retracement of 1111.15 and 694.78). Short term support is seen at 945 (7 - day EMA) and any break below will drag the pair till 926 (10- day MA)/887 (30-day EMA).