BTC/GBP is holding above 1300 mark on Wednesday and currently trading at 1351 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 1234

Kijun Sen: 1147

On the upside, a break above 1369 (May 09 high) would see the pair testing 1400 (psychological)/1428 (113% extension of 913 and 1369)/1455 (113% extension of 706 and 1369).

Overall trend remains highly bullish: RSI is strong at 90; MACD line is above signal line; and stochs are in overbought zone. However, caution is advised as bearish RSI divergence could be seen on 4-hour and weekly charts.

On the reverse side, support is seen at 1308 (1h 50-SMA) and any violation would drag it to 1282 (5-DMA)/1261(23.6% retracement of 913 and 1369).