BTC/GBP continued its uptrend on Wednesday and is currently trading at 885 levels at the time of writing (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 783.47

Kijun Sen: 728.26

Trend reversal: 623.54 (90 EMA)

On the upside, the pair has broken above 874 (272.2% retracement of 805.75 and 751.55) and if it is able to hold above this level, it would target 900 level (psychological)/925.

On the flip side, the pair is likely to find support near 804.24 (7-EMA) and a break below would drag it to 789.30 (10-DMA)/751.55 (December 30 low).