BTC/USD has restored its strength to above 800 levels and is currently trading at 827 levels at press time (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 846.57

Kijun Sen: 945.61

Trend reversal: 797.74 (90 EMA)

On the upside, the pair is facing strong resistance at 841 levels (55-EMA) and a consistent break above would target 899.77 (38.2% retracement of 1139.89 and 751.34)/925 (21-DMA).

On the downside, the pair is likely to find support near 797.74 (90 EMA) and a break below would target 765.56 (100-DMA)/732.23 (161.8% retracement of 812.28 and 941.81).