BTC/USD is seen trading in a narrow range below on Thursday. The pair is trading in a narrow range between $665 and $645 levels (BITSTAMP). It is currently trading at $653 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: $660.40

Kijun-Sen level: $655.24

Trend reversal level - (90 EMA)-$596

Long-term trend remains to be bullish. BTC/USD faces strong resistance at $665. So a slight bullishness can be seen only above that level.

Major resistance is around $665 (Jul 24th high) and any break above targets $685 (Jun25th high)/ $705 (Jul 2nd high). Short term support is seen at $645 (Jul 22nd low) and any violation below will drag the pair till $630 (55 day EMA)/$605 (Jul 7th low).