BTC/GBP has once again hit the 750 mark and is currently hovering around this level at the time of writing (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 693.22

Kijun Sen: 672.24

Trend reversal: 588.63 (90 EMA)

On the upside, further bullishness in the pair would be seen only if it breaks above 755.81 levels (December 24 high). Any violation of this level would see it testing 774.74 (127.2% retracement of 755.81 and 686.22)/ 798.82.

On the flip side, the pair is likely to find support near 714 (7-EMA) and a break below would drag it to 690 (10-MA)/652.33 (21-day MA).