BTC/GBP breached 50-DMA on Monday and hit 927 levels. It is continuing its uptrend today and is currently trading at 926 levels at press time (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 848.50

Kijun Sen: 895.50

Momentum studies remain bullish and the pair is likely to face resistance at 940.22 (61.8% retracement of 1085 and 706). Further strength would see the pair testing 966 (February 24 high)/1003.

On the flipside, support is seen at 907 (50-DMA) and any violation would drag it to 893.20 (5-DMA)/873 (Cloud base).

Recommendation: Good to go long around 907/927. TP: 966/1000. SL: 890