Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/GBP takes support near 50-DMA, close below targets 850

BTC/GBP failed to break above the 1000 mark and dropped to 928 levels on Thursday. It is currently trading at 952 levels at press time (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 944

Kijun Sen: 850.50

Momentum studies remain bullish as RSI is strong at 60, and MACD line is above signal line.  

On the upside, the pair faces strong resistance at 1000 (psychological) and a consistent break above would see it testing 1038 (March 14 high)/1062 (March 03 high).

On the flipside, the pair has taken support near 926.72 (50-DMA) and a break below would see a dip till 893.71 (21-DMA)/850.68 (100-DMA).

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.