BTC/GBP is rising higher on the back of newly found momentum and has broken above 650 levels. It is currently trading at 660 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 630.71
Kijun Sen: 612.59
Trend reversal: 569.26 (90 EMA)
On the upside, the pair faces immediate resistance at 662.14 (161.8% retracement of 549.45 and 367.10) and a break above would target 700.
On the flip side, support is seen at 631.78 (10-EMA) and a break below would drag it to 618 (21-DMA)/588.68 (December 05 low).
