BTC/GBP continued its uptrend on Thursday and has broken above the 800 mark. It is currently trading at 802.71 levels (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 720.31

Kijun Sen: 694.35

Trend reversal: 596.95 (90 EMA)

On the upside, a close above the 800 mark would see a jump till 825 (200% retracement of 755.81 and 686.22) and further strength would target 854.

On the flip side, the pair is likely to find support near 744.36 (7-EMA) and a break below would drag it to 719.20 (10-MA)/ 686.22 (December 25 low).