Technical analysis:
BTC has been trading sideways at the price of $49,250 but there is potential for the test of important pivot at $53,000.
Trading recommendation:
Watch for buying opportunities on the pullbacks wit the upside target at $53,000.
Support level is set at the price of $48,000
Stochastic oscillator is showing overbought condition with bear cross but there is no price action to confirm.
