BTC/SGD is seen trading slightly below on Wednesday. The pair breaks above psychological level 1000 and jumped till 1021 yesterday (ITBIT). It is currently trading around 1008.65 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 951.95

Kijun-Sen level: 929.69

Trend reversal level - (100 days MA) – 843.95

Long-term trend remains to be bullish. BTC/SGD downside is capped by 5- day MA, minor weakness  is possible only below that level. 

Major resistance is around 1031 (161.8% retracement of 999 and 947) and any violation above will take the pair till 1051 (Jun 18th high). Short-term support is seen at 979 (5- day MA) and any break below targets 951 (Daily Tenkan-Sen)/915 (21- day MA).