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BTC/GBP is facing strong resistance at 625 levels and is currently trading at 618 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 606.83
Kijun Sen: 601.29
Trend reversal: 558.27 (90 EMA)
On the topside, a consistent break above 625 levels would see the pair testing 638.77(161.8% retracement of 619.64 and 588.68)/650.
On the reverse side, the pair has taken support near 613.62 (10-EMA) and any violation would drag it to 602 (trend line joining 535.30 and 577.60)/588.68 (December 05 low).
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BTC/GBP faces resistance at 625, break above targets 650
Wednesday, December 14, 2016 11:19 AM UTC
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