BTC/USD is riding high on the back of new found momentum and hit a high of 913.41 levels so far in the day. It is currently trading at 905 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 822.87

Kijun Sen: 798

Trend reversal: 714 (90 EMA)

On the upside, the pair has broken the psychological level of 900 and is now targeting 945 levels (113% retracement of 913.41 and 670.32). Further strength would see it testing 972 (161.8% retracement of 778.85 and 465.28)/986 (78.6% retracement of 1163 and 339.7)

On the reverse side, the pair is likely to find support at 804.64 (10-EMA) and a break below would drag it to 780.46 (21-day MA)/743 (December 05 low).