BTC/USD is trying to maintain its strength above 78.6% Fibonacci retracement and is currently trading at 908 levels at press time (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 850

Kijun Sen: 830

Trend reversal: 730.14 (90 EMA)

On the upside, a consistent break above 906.95 levels (78.6% retracement of 920 and 859) would target 920 (December 23 high)/957.

On the reverse side, the pair is likely to find support at 882 (5-EMA) and any violation would drag it to 845.38 (10-day MA)/806 (21-day MA).