BTC/USD has taken support near 10-day MA and is trading near yesterday’s close at 736 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 719.15

Kijun Sen: 710.33

Trend reversal: 657.78 (90 EMA)

On the upside, major resistance is seen at 755 levels (November 19 high) and any violation would see the pair testing 778.85 (June 18 high)/800 (psychological level).

On the reverse side, 725.60 (10-day MA) is acting as a support for the pair. A break below would drag it to 702 (61.8% retracement of 670.32 and 755.07)/ 683 (November 13 low).