BTC/GBP hit a high of 748.55 levels on Tuesday and is currently trading at 725 levels at the time of writing (Coinbase).

Ichimoku analysis of daily chart:

Tenkan Sen: 683.18

Kijun Sen: 777.50

Trend reversal: 629.54 (100-DMA)

On the upside, the pair faces strong resistance at 758.76 levels (21-DMA) and a break above would target 778.52 (January 08 high)/818.21 (61.8% retracement of 950 and 605.01).

On the flipside, the pair is likely to find support near 714.67 (23.6% retracement of 605.01 and 748.55) and any violation would drag it to 690.83 (55-EMA)/652 (90 EMA).