BTC/USD successfully closed above 7-DMA on Monday at 2292 levels. It is currently trading at 2310 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 2305.05

Kijun Sen: 2127.55

On the upside, the pair faces strong resistance at 2354 (200% extension of 891.33 and 1623.01) and a break above would see it testing 2412 (61.8% retracement of 2760 and 1850)/2481 (May 24 high)/2510 (161.8% extension of 891.33 and 1892).

On the daily charts, RSI is holding at 67 and the pair is holding well above 10-DMA. On the 4-hour chart, the pair is trading just above 4h 50-SMA, with RSI holding above 50 and MACD line above signal line.

Support is seen at 2219 (10-DMA) and a break below would see a dip till 2180 (50% retracement of 1601.46 and 2760)/2060 (trend line joining 1350 and 1892). Further weakness would drag it to 1850 (May 27).