BTC/GBP is struggling for a consistent break above 1000 levels and is currently trading at 981 levels at press time (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 944
Kijun Sen: 850.50
Momentum studies remain bullish as RSI is strong at 60, and MACD line is above signal line.
On the upside, the pair faces strong resistance at 1003.89 (78.6% retracement of 1085 and 706) and a consistent break above would see it testing 1038 (March 14 high)/1062 (March 03 high).
On the flipside, the pair has taken support near 971.14 (7-DMA) and a break below would see a dip till 947.50 (Cloud top)/925.92 (50-DMA).
