BTC/USD continues trading in a close range on Friday with its upside capped by 20-DMA. It is currently trading at 15030 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 13775

Kijun Sen: 15412.96

On the topside, the pair faces stiff resistance at 15212 (20-DMA) and a break above would see it testing 15412 (50% retracement of 19666 and 11159.93)/16000. Further strength would target 16416/16666 (December 08 high)/17000/17428 (December 12 high).

On the reverse side, support is seen at 14895 (1h 50-SMA) and any violation would see it testing 14413 (10-DMA)/14088 (2h 100-SMA). Further weakness would see it testing 13887 (1w 7-SMA)/13288 (38.2% retracement of 2972.01 and 19666)/13195 (50-DMA)/12613 (Cloud top).

Momentum studies: On the daily chart, RSI is holding above 50 and stochs are biased higher. However, MACD line is below the signal line.

The pair is extending consolidation and traders are preferred to wait for a confirmed signal on the daily chart. Any trend reversal could be confirmed only on a break below 50-DMA which would see a scope for further downside.

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