BTC/USD continues to trade below the major trend line joining 628.99 and 745.19 and is struggling to break above. It is currently trading at 913 levels at press time. (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 872.87

Kijun Sen: 945.61

Trend reversal: 814.19 (90 EMA)

The pair’s upside continues to be limited by 925 levels (trend line joining 628.99 and 745.19) and a break above would target 945 (50% retracement of 1139.89 and 751.34)/991.

On the downside, the pair has taken support near 899 (21-DMA) and any violation would drag it to 856 (55 EMA)/ 814.19 (90 EMA).