BTC/GBP is continuing choppy trade on Tuesday between 969 and 975 levels. It is currently trading at 972 levels at press time (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 936
Kijun Sen: 847.50
Momentum studies remain bullish as RSI is strong at 60, and MACD line is above signal line. On the upside, the pair is struggling for a consistent break above 984 levels (78.6% extension of 616 and 1085 levels). A break above would target 1003.89 (78.6% retracement of 1086 and 706)/ 1038 (March 14 high)/1062 (March 03 high).
On the flipside, the pair has taken support near 970 (5-DMA) and a break below would see a dip till 947 (Cloud top)/924.16 (50-DMA).
