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BTC/USD continues uptrend, break above 778 targets 820

Friday, December 2, 2016 11:16 AM UTC

BTC/USD has broken above the previous high of 755 levels and is trading at 771 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 737.99

Kijun Sen: 719.15

Trend reversal: 673.65 (90 EMA)

On the upside, the pair is now targeting 778.85 (June 18 high) and a break above would take it to 819.61 (113% retracement of 778.85 and 465.28)/850.

On the downside, the pair has taken support near 730.74 levels (21-day MA) and any violation would drag it to 697.56 (55-EMA)/683.23 (November 13 low).

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Digital Currency Revolution

BTC/USD continues uptrend, break above 778 targets 820

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