BTC/GBP has taken support near 21-day MA and is currently trading just shy of 600 levels (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 584.33

Kijun Sen: 578.38

Trend reversal: 527.51 (90 EMA)

On the topside, resistance is seen at 621 levels (November 20 high) and a break above would target 628 (127.2% retracement of 611.12 and 547.20)/ 650.

On the downside, the pair sees support near 585 (21-day MA) and a break below would weaken it to 568.22 (61.8% retracement of 535.30 and 621.47)/ 547.20 (November 13).