BTC/USD is consolidating in a narrow range and is currently trading at 768 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 749.53

Kijun Sen: 730.65

Trend reversal: 684.52 (90 EMA)

The pair now faces resistance at 770.57 (78.6% retracement of 778.07 and 743) and only a consistent break above 778 (December 02 high) would confirm further bullishness in the pair. A breach of 778 levels would see it testing 800 levels.

On the down side, the pair has taken support near 753.42 (10-EMA) and a break below would target 743 (December 05 low)/714 (November 20 low).