FxWirePro: BTC/GBP faces major trend line resistance, good to go long on break above 765
BTC/GBP is continuing its upward move on Tuesday and is currently hovering around 750 levels at the time of writing (Coinbase). Ichimoku analysis of daily chart: Tenkan Sen: 736 Kijun Sen: 777.50 Trend reversal: 672.26 (…
BTC/GBP is continuing its upward move on Tuesday and is currently hovering around 750 levels at the time of writing (Coinbase).
Ichimoku analysis of daily chart:
Tenkan Sen: 736
Kijun Sen: 777.50
Trend reversal: 672.26 (90-EMA)
On the upside, the pair is currently targeting 764.34 (January 22 high and channel top) and a consistent break above would see it testing 818.21 (61.8% retracement of 950 and 605)/876.
Momentum studies suggest a possibility for further uptrend as RSI(14) is at 55 with higher bias; Stochs point north.
On the flipside, the pair has taken support near 729 (7-DMA) and any violation would drag it to 706.55 (55-EMA)/ 672.26 (90-EMA).
The higher 2026 target implies about $2.59 billion in second-half activity after Bakkt reported $410 million for the first half. A stablecoin-settled card program with Thredd is planned for a 2027 proof of concept.
