BTC/GBP has broken below the 600 mark and is currently trading in the red at 596.88 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 598.62
Kijun Sen: 584.33
Trend reversal: 546.17 (90 EMA)
On the topside, immediate resistance is seen at 619.64 (December 02 high), however, further bullishness in the pair would be seen only if it break above 621.47 levels (November 20 high). Any violation would see the pair testing 634.34 (161.8% retracement of 619.64 and595.58)/ 648.58 (161.8% retracement of 621.47 and 577.60).
On the reverse side, the pair has broken below major support at 600 levels (21-day MA) and a close below would see slight bearishness in the pair. It would see a dip till 586.60 (78.6% retracement of 577.60 and 619.64)/577.60.
