BTC/GBP soared higher on Friday and is approaching the previous high of 621 levels. It is currently trading at 615 levels at press time (Coinbase).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 594.12

Kijun Sen: 584.33

Trend reversal: 541.85 (90 EMA)

On the topside, a break above 621.47 levels (November 20 high) would see the pair testing 633.40 (127.2% retracement of 621.47 and 577.60)/648.58.

On the reverse side, the pair is likely to find support near 594.92 (21-day MA) and a break below would drag it to 577.60 levels (November 29 low)/566 (55-EMA).