BTC/USD continues to consolidate inside Ichimoku cloud on Tuesday. It is currently trading at 10936 levels at the time of writing (Bitstamp).

On the topside, a consistent break above 11782 (upper Bollinger) would see the pair testing 12000/12352 (100-DMA)/12540 (Cloud top). Further strength would target 12793 (50% retracement of 19666 and 5920.72)/13000.

On the down side, support is seen at 10801 (10-DMA) and any violation would see the pair testing 10614 (20-DMA)/10193 (50-DMA)/10000. Further weakness would drag it to 9679 (4h 200-SMA)/9139 (Cloud bottom).

Momentum studies: On the daily chart, RSI is holding above 50, MACD line is above the signal line, while stochs are on the verge of a rollover from the overbought levels.

The pair has broken below the 11000 mark. Watch out for a break below 20-DMA, coupled with RSI dropping below 50, for further downside in the pair.

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