BTC/USD is trading in a close range on Thursday as its upside is being capped by 20-DMA. It is currently trading at 15000 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 14265.26

Kijun Sen: 15412.96

On the topside, a decisive break above 15414 (20-DMA) would see the pair testing 16000/16416 (61.8% retracement of 19666 and 11159.93). Further strength would target 16666 (December 08 high)/17000/17428 (December 12 high)/17845/18000.

On the reverse side, support is seen at 14470 (10-DMA) and a break below would drag it to 14190 (4h 50-SMA)/13500. Further weakness would see it testing 13048 (50-DMA)/12292 (Cloud top).

Momentum studies: On the daily chart, RSI is holding above 50 and stochs are biased higher. However, MACD line is below the signal line.

The pair is consolidating around 15000 levels and traders are preferred to wait for a confirmed signal on the daily chart.

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