BTC/GBP skyrocketed to above 2000 levels and hit a fresh all-time high at 2060 so far in the day. The recent rally follows the consensus reached among bitcoin industry participants on the scaling issue. The pair is curre…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP skyrocketed to above 2000 levels and hit a fresh all-time high at 2060 so far in the day. The recent rally follows the consensus reached among bitcoin industry participants on the scaling issue. The pair is currently trading at 2047 levels at the time of writing (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 1707.50
Kijun Sen: 1540
On the upside, immediate resistance is seen at 2077 (113% extension of 706 and 1920) and a break above would target 2100/2153 (261.8% extension of 706 and 1250)/2200/2250.
Overall trend remains bullish with no signs of reversal on daily charts.
On the downside, support is seen at 1968 (4h 5-SMA) and a break below would see it testing 1888 (4h 10-SMA)/1786 (4h 20-SMA).
