BTC/GBP broke above the 900 mark on Tuesday, but failed to hold its strength and slipped back below today. It is currently trading at 895 levels at press time (Coinbase).

Ichimoku analysis of daily chart:

Tenkan Sen: 831.73

Kijun Sen: 886.68

On the upside, the pair has above the trend line joining 778.52 and 861.34 and is successfully holding above 5-DMA. Immediate resistance is seen at 911.75 (February 21 high) and a break above would target 950 (January 05 high)/994.85 (113% retracement of 950 and 650).

Momentum studies remain bullish: MACD line is above the signal line, and the pair is successfully holding above 21-DMA.

On the downside, the pair has taken support near 870.49 (5-DMA) and a break below would drag it to 831.73 (20-DMA)/790.21 (February 13 low).