BTC/USD is struggling to hold its strength above 90-EMA and is currently trading at 795 levels at press time (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 945.61

Kijun Sen: 945.61

Trend reversal: 796 (90 EMA)

On the upside, a consistent break above 796 (90 EMA) would see the pair testing 843.98 (55 EMA)/900 (trend line joining 628.99 and 745.19).

Momentum studies remain bearish – RSI(14) is at 38; MACD line is below the signal line; and bearish crossover of 10- and 21-DMA.

On the downside, the pair has taken support near 759.23 (100-DMA) and a consistent break below 751 (January 12 low) would target 732.23 (161.8% retracement of 812.28 and 941.81)/ 700.