BTC/USD is trading in a narrow range on Tuesday, between 646 and 651 levels. It currently trades at 650 levels (Bitstamp) at press time.

Ichimoku analysis (4 Hour chart):

Tenkan-Sen level: 655.25

Kijun-Sen level: 659.51

Trend reversal level - (90 EMA)-568

“The pair has slightly retreated after making a high of 665 on Friday. BTC/USD is facing strong support near 55 day EMA .It should close below that level for further weakness”, FxWirePro said in a statement.

Both long- and short-term trend continue to be bullish for the pair.  Major resistance is around 654.74 (7 day EMA) and any break above targets 685 (Jun 25 high)/705 (Jul 2 high)/731 (161.8% retracement of 778 and 540). Short term support is seen at 610 (55 day EMA) and any violation below will drag the pair till 540 (Jun 23 low)/514 (113% retracement of 540 and 705).