BTC/USD is trading in a narrow range between 733 and 741 on Thursday. It is currently trading at 537 levels (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 729.06

Kijun Sen: 712.69

Trend reversal: 661.59 (90 EMA)

The pair is facing major resistance at 750 levels (psychological) and minor bullishness would be seen if it breaks above 755 levels (November 19 high). Further strength would see the pair testing 778.85 (June 18 high)/800 (psychological level).

On the reverse side, the pair is trying to hold its strength above 734.28 (10-day MA) and a break below would drag it to 714 (November 20 low)/ 702 (61.8% retracement of 670.32 and 755.07).