BTC/GBP is trying to hold its strength above 600 levels and is trading at 603 levels at the time of writing (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 589.63

Kijun Sen: 578.38

Trend reversal: 529.32 (90 EMA)

On the topside, the pair will run into resistance 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, 596.53 (10-day MA) is acting as a support for the pair and a break below would drag it to 583.48 (November 20 low) /568.22 (61.8% retracement of 535.30 and 621.47).