BTC/GBP continued its upward move on Thursday and hit a fresh all-time high at 1461 levels. It is currently trading at 1448 levels at press time (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 1288.50

Kijun Sen: 1195

On the upside, the pair faces immediate resistance at 1464 (200% retracement of 1085 and 706) and a break above would see it testing 1500 (psychological)/1559 (113% extension of 706 and 1461).

Caution is advised as lead indicators are in extremely overbought zones.

On the reverse side, support is seen at 1390 (2h 10-SMA) and a break below would see a dip till 1367 (2h 20-SMA)/1331 (5-DMA).