BTC/GBP hit an all-time high at 1098 levels on Monday and is currently trading at 1092 levels at the time of writing (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 1027
Kijun Sen: 1004
On the upside, a close above 1100 (psychological level) would see the pair testing 1134.27 (113% retracement of 1085 and 706)/1148 (113% extension of 706 and 1098)/1188.
Momentum studies are highly bullish: RSI is strong at 76, MACD line is above the signal line and major moving averages suggest further upside. However, caution is advised as stochs are in the overbought zone.
On the reverse side, support is seen at 1051.80 (5-DMA) and a break below would drag it to 1018 (10-DMA)/983.25 (20-DMA).
