BTC/GBP on Tuesday hit 899 levels but failed to break above. Currently, the pair is trading in the red at 843 levels at press time (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 899.50

Kijun Sen: 923

On the upside, the pair is facing strong resistance at 898.88 (50-DMA) and a break above would see it testing 922 (10-DMA)/961 (20-DMA).

In the hourly chart, the pair has taken support near 841 (1H 100-SMA) and a consistent break below could see further downside.

In the daily chart, support is seen at 833.27 (90-EMA) and a break below would drag it to 810.51 (100-DMA)/761 (March 18 low).