BTC/SGD is seen trading slightly below on Monday. The pair recovered till 999 after forming a bottom at 936 on Nov 3rd, 2016 (ITBIT). It is currently trading around 970 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 984

Kijun-Sen level: 950.96

Trend reversal level - (100 days MA) – 847.94

Long-term trend remains to be bullish. BTC/SGD faces psychological resistance at 1000 and close above will take the pair to 1032/1051.

Major resistance is around 995 (61.8% retracement of 1031.52 and 936.20 and any violation above will take the pair till 1031(161.8% retracement of 999 and 947)/ 1051 (Jun 18th high)/1125 (161.8% retracement of 944.17 and 650). Short-term support is seen at 938 (21- day MA) and any break below targets 921 (34 day EMA)/896 (55-day EMA).