BTC/USD upside continues to be limited by 21-DMA. It is currently trading at 893 levels at the time of writing (Bitstamp).
Ichimoku analysis of daily chart:
Tenkan Sen: 834.87
Kijun Sen: 945.61
Trend reversal: 804.93 (90 EMA)
On the upside, the pair is facing strong resistance at 913.36 (converged channel top and 21-DMA) and only a break above would confirm further bullishness in the pair. A consistent break above would target 945 (50% retracement of 1139.89 and 751.34)/991.
On the downside, the pair has taken support near 869.67 (5-DMA) and a break below would see it falling to 847.22 (55-EMA)/804.93 (90-EMA).
