BTC/USD broke above 78.6% retracement of 2760 and 1850 and hit 2594 levels so far in the day. It is currently trading at 2569 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 2317.99

Kijun Sen: 2180.78

On the upside, a close above 2565 (78.6% retracement of 2760 and 1850) would see the pair testing 2600 (psychological)/2657 (241.4% extension of 891.33 and 1623.01)/2700/2760 (May 25 high).

Momentum studies appear bullish: RSI is strong at 72, MACD line is above the signal line, and stochs suggest upward bias.

Support is seen at 2509 (5-DMA) and a break below would see a dip till 2486 (23.6% retracement of 1601.46 and 2760)/2356 (10-DMA)/2228 (20-DMA).