The pair has broken the minor resistance of 1031.92 and jumped sharply till 1078 level (ITBIT). It is currently trading around 1059.95 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 1012

Kijun-Sen level: 964

Trend reversal level - (100 days MA) – 852.33

Long-term trend remains to be bullish. BTC/SGD is trading slightly above the 1051.25 (Jun 18th high). So a jump till 1204 is possible.

Major resistance is around 1090 (161.8% retracement of 1031.92 and 936.20) and any violation above will take the pair till 1160 (127.2% retracement of 1051.92 and 650)/1204 (138.2% retracement of 1051.92 and 650). Short-term support is seen at 1004 (10- day MA) and any break below targets 991 (21 days MA)/964 (daily kijun-Sen)/936.20 (Nov 3rd, 2016 low).