BTC/GBP has hit a high of 778.95 levels so far in the day and is currently trading at 785 levels at press time (Coinbase). Ichimoku analysis of daily chart: Tenkan Sen: 746.75 Kijun Sen: 695.40 Trend reversal: 676.85 (90…
BTC/GBP has hit a high of 778.95 levels so far in the day and is currently trading at 785 levels at press time (Coinbase).
Ichimoku analysis of daily chart:
Tenkan Sen: 746.75
Kijun Sen: 695.40
Trend reversal: 676.85 (90-EMA)
On the upside, the pair faces resistance at 796.71 (Cloud top) and a break above would see it testing 818.21 (61.8% retracement of 950 and 605)/876.
Momentum studies suggest a possibility for further uptrend as RSI(14) is at 61 with higher bias; Stochs point north; MACD line is above the signal line.
On the flipside, the pair has taken support near 768 (trend line joining 467.77and 611.12) and a break below would target 747.99 (7-DMA)/725.95 (21-DMA).
Coinglass data showed a 15,465 BTC net increase over seven days and a 22,456 BTC decline over 30 days. Binance BTCUSDT volume rose across Asian, European and U.S. sessions on Oct. 15.
