Technical analysis:
BTC is trading upside but there is big important pivot level at the price of $47,000. Watch for the price action around pivot to confirm further direction.
Trading recommendation:
In case of the rejection of the $47.000 level, watch for selling with the downside target at $42,185
In case of the breakout on higher volume, watch for buying with the target at $51,265
Stochastic oscillator is showing overbought condition and potential divergence....
