BTC/GBP is struggling to break above 540 levels. Today, the pair fell to 528.24 levels, before restoring slightly above to 537.48 levels, where it currently trades (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 522.92

Kijun Sen: 502.70

Trend reversal: 479.69 (90 EMA)

Further bullishness in the pair could be seen only above 540 levels, which would take it to 549.28 (161.8% retracement of 532.69 and 505.84)/ 573 (113% retracement of 549.45 and 367.10)

On the flipside, it has taken support near 527.21 (10-day MA) and a break below would see a small dip till 515.95 (21-DMA)/505.84 (October 19 low).