BTC/USD is struggling for a consistent break above the trend line resistance and is currently trading at 922 levels (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 872.87

Kijun Sen: 945.61

Trend reversal: 811.97 (90 EMA)

Back-to-back dogi formations suggest indecisiveness in the market, however, bias is higher – bullish crossover of 7-DMA and 21-DMA, RSI (14) is at 55.

The pair is facing strong resistance at 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 895.43 (7-DMA) and any violation would drag it to 860 (trend line joining 628.57 and 683.23)/ 811.97 (90 EMA).