BTC/GBP soared to 799 levels on Tuesday before closing at 760 levels. It is currently trading at 774 levels at the time of writing (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 715.65

Kijun Sen: 693.84

Trend reversal: 592.39 (90 EMA)

On the upside, the pair is currently hovering around 774 levels (127.2% retracement of 755.81 and 686.22) and a consistent break above would target 798.82/825.

On the flip side, the pair is likely to find support near 736.86 (5-EMA) and a break below would drag it to 703 (10-MA)/659.52 (21-day MA).