BTC/EUR is consolidating in arrow range between 2332 and 2265 for the past three trading sessions (CEXIO). The pair’s minor top is around 2347 and any minor bullishness can be seen above that level. It is currently trading around 2309 at press time.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 2286

Kijun-Sen level: 2235

Major reversal level -2387 (200- 4H EMA)

Long-term trend remains to be bullish. BTC/EUR faces strong resistance at 2347 high made on Jun 28th 2017 and break above confirms minor bullishness.

Major resistance is around 2347 (Jun 28th 2017 high) and any break above will take the pair to next level till 2387 (200- 4H MA)/2466 (Jun 26th 2017 high)/2550 (76.4% retracement of 2716 and 2015. Short term support is seen at 2267 (4H Kijun –Sen) and any break below will drag the pair down till 2130/2015/1770.

It is good to buy on dips around 2280 with SL around 2230 for the TP of 2380/2465.