BTC/USD is trading in a narrow range between 905 and 925 levels from the past couple of days, as China celebrated Lunar New Year holidays. It is currently trading at 913 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 909.61

Kijun Sen: 945.61

Trend reversal: 825.84 (90 EMA)

On the upside, the pair faces resistance at 937 levels (January 22 high and channel top) and a break above would target 953 (127.2% retracement of 937.74 and 881.48)/991 (61.8% retracement of 1139.89 and 751.34).

Momentum studies suggest neutral bias as Bollinger band remains flat, RSI(14) is at 53, bias neutral.

On the downside, the pair has taken support near 907.98 (7-DMA) and a break below would drag it to 879.87 (21-DMA)/ 825.84 (90 EMA).