BTC/USD is consolidating in a narrow range as its upside is being capped by 10-DMA. It is currently trading at 2565 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 2550

Kijun Sen: 2415

On the upside, resistance is seen at 2614 (4h 50-SMA) and a break above would see it testing 2651 (61.8% retracement of 2980 and 2120)/2760 (May 25 high). Further strength would then target 2878 (113% retracement of 2760 and 1850)/2933 (June 06 high)/ 2980 (June 12 high).

Support is seen at 2489 (2h 50-SMA) and a break below would drag it to 2425 (4h 200-SMA)/2322 (23.6% retracement of 2980 and 2120)/2281 (61.8% retracement of 1850 and 2980)/2166 (50-DMA).

Momentum studies: On the daily chart, RSI is at 51 and stochs are biased higher. However, MACD line is below the signal line. Also, 10- and 20-DMA are on the verge of a bearish crossover.

Bias appears neutral on the hourly charts, however, weekly charts suggest bullish bias. On the weekly chart, RSI is holding at 73, MACD line is above the signal line.

Recommendation: Bias appears neutral at the moment. Traders are preferred to wait for a confirmed signal on the daily charts.