BTC/GBP is hovering around 600 at the time of writing and looking for a consistent break above this level (Coinbase).

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 595.12

Kijun Sen: 584.33

Trend reversal: 540.46 (90 EMA)

On the topside, the pair faces immediate resistance at 604.71 (61.8% retracement of 621.47 and 577.60) and a break above would target 621.47 levels (November 20 high)/633.40/650.

On the reverse side, the pair has taken support near 593.83 (21-day MA) and a break below would drag it to 577.60 levels (November 29 low)/564.65 (55-EMA).