FxWirePro: BTC/GBP hovers around 50-DMA, close above targets 966
BTC/GBP is continuing its uptrend from the last few days on Monday and is currently hovering around 50-DMA at 908 levels at press time (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen: 835 Kijun Sen: 895.50 Over…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP is continuing its uptrend from the last few days on Monday and is currently hovering around 50-DMA at 908 levels at press time (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 835
Kijun Sen: 895.50
Overall bias appears bullish as RSI is strong at 54 and the MACD line is above the signal line. On the upside, a close above 904.78 (50-DMA) would see the pair testing 940.22 (61.8% retracement of 1085 and 706)/966 (February 24 high)/1000.
On the flipside, support is seen at 872.82 (5-DMA) and any violation would drag it to 849.80 (20-DMA)/833.93 (90-EMA).
Consumer applications made up about 80% of Solana’s total. Hyperliquid recorded $86.5 million, ahead of Ethereum at $53.8 million and Robinhood Chain at $34.6 million.
