BTC/USD briefly broke above the 900 mark and has hit a high of 915 levels so far in the day. It is currently trading at 898 levels at press time (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 834.87

Kijun Sen: 945.61

Trend reversal: 800 (90 EMA)

On the upside, the pair is facing strong resistance at 920.86 (21-DMA) and a break above would see further bullishness in the pair. Any violation of this level would target 945 (50% retracement of 1139.89 and 751.34)/991.

On the downside, the pair is likely to find support near 877.13 (23.6% retracement of 751.34 and 915.99) and a break below would see falling to 843.66 (55-EMA)/800 (90-EMA).