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).