BTC/USD is trading in a tight range on Monday between 1161 and 1172 levels. It is currently trading at 1167 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 1185

Kijun Sen: 1060.16

The pair’s upside is being capped by 1169.32 (5-DMA) and a consistent break above would see it testing 1187.72 (10-DMA)/ 1200 (psychological)/1229 (April 11 high).

Momentum studies suggest bearish bias with stochs pointing south, and bearish crossovers of MACD, and 5- and 10-DMA. RSI is holding above 50 and the pair has taken support near 50-DMA which suggests that we could see some consolidation around current levels.

The pair has taken support near 1143.33 (50-DMA) and a close below would see further bearishness in the pair, dragging it till 1115.80 (55-EMA)/1091.10 (February 24 low).