BTC/GBP traded strongly on Wednesday and briefly broke above the 600 mark. It is currently trading at 596.99 levels at the time of writing (Coinbase). Long-term trend: Bullish Short-term trend: Bullish Ichimoku analysis …
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP traded strongly on Wednesday and briefly broke above the 600 mark. It is currently trading at 596.99 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 573.21
Kijun Sen: 558.48
Trend reversal: 506.42 (90 EMA)
On the upside, a consistent break above 600 levels would see the pair testing 611.12 (November 03 high). Further strength would target 650 levels.
On the downside, support is seen at 560.34 (21-day MA) and a break below would drag it to 535 (November 03 low)/527.44 (55 EMA).
An Euronext spokesperson cited settlement requirements and said the pause would continue pending an exchange update. A 21Shares ZEC product has traded in Paris since September.
