BTC/USD has hit a fresh high of 980.74 levels on Thursday and is currently trading at 974 levels at the time of writing (Bitstamp).



Long-term trend: Bullish



Short-term trend: Bullish



Ichimoku analysis of daily chart:



Tenkan Sen: 881.79



Kijun Sen: 859.74



Trend reversal: 739.85 (90 EMA)



On the upside, the pair faces major resistance at 981 levels (200% retracement of 920 and 859) and a break above would target 1000 (psychological level)/1055.98 (161.8% extension of 859 and 980.74).



On the reverse side, the pair is likely to find support at 952 (23.6% retracement of 859 and 980.74) and a break below would see it testing 908.34 (7-EMA)/878.35 (10-day MA).