BTC/GBP hit a fresh all-time high of 1050 levels on Thursday and is currently hovering around this level at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 964

Kijun Sen: 900

Momentum studies suggest extremely bullish bias with no signs of reversal on daily charts. Resistance is now seen at 1061.20 (127.2% extension of 616 and 966) and a break above would target 1100 (psychological)/1133 (161.8% retracement of 936 and 616).

Caution is advised as stochs and RSI(14) are in the highly overbought zone. Watch out for a close below 977 (5-DMA) for a possibility of minor reversal. Immediate support is seen at 1032.60 (4H 5-SMA) and a break below would target 977 (5-DMA)/950 (10-DMA).