BTC/GBP broke above the 900 mark on Thursday and hit a fresh high of 950 levels. It is currently trading in the red at 905 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 835.20
Kijun Sen: 775.79
Trend reversal: 630 (90 EMA)
On the upside, the pair faces immediate resistance at 950 (today’s high) and a break above would see it testing 984 (113% extension of 686.22 and 950)/1000.
On the flip side, the pair is likely to find support near 833.55 (7-EMA) and a break below would drag it to 807.75 (10-DMA)/751.55 (December 30 low).
