BTC/USD struggling to break above 100-day MA and is currently trading at 607 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 605.14

Kijun Sen: 610.54

Trend reversal: 597.26 (90 EMA)

“The pair is trading in the red and has taken support near 605.95 (10-day MA). It must break above previous high of 614.28 for further upside and a close above 615.65 (100-day) will confirm bullishness in the pair”, FxWirePro said in a statement.

On the upside, BTC/USD faces strong resistance at 615.65 (100-day MA) and a break above would target 628.99 (September 11 high) and then 651.79 (161.8% retracement of 628.99 and 592.10).

On the reverse side, it has taken support near 605.65 (10-DMA) and a break below would target 600 (psychological levels)/ 597.26 (90 EMA)/ 578.39 (161.8% retracement of 592.10 and 614.28).