BTC/EUR is seen trading slightly below on Tuesday. The pair is consolidating in a narrow range between 649 and 632 for the past two trading sessions (COINBASE). It is currently trading around 639.56 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 642.50

Kijun-Sen level: 621.37

Trend reversal level - (100 days MA) – 555.90

Long-term trend remains to be bullish. In the daily chart, BTC/EUR upside is capped by 61.8% retracement and any break above targets 673.

 Major resistance is around 649.09 (61.8% retracement of 673.25 and 610) 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 621.28 (21- day MA) and any break below targets 591.95 (55- day EMA)/555 (100- day MA).