BTC/GBP is struggling to break above the 600 mark (psychological level) and is hovering around 21-day MA at 594 levels at the time of writing (Coinbase).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 595.12

Kijun Sen: 584.33

Trend reversal: 539.18 (90 EMA)

On the topside, the pair faces strong resistance at 600 levels (psychological) and a break above would see it testing 621 levels (November 20 high)/ 633.40 (127.2% retracement of 621.47 and 577.60)/ 650.

On the reverse side, a close below 577.60 levels (November 29 low) will drag the pair to 563.44 (55-EMA)/ 547.20 (November 13 low).