Technical analysis:
BTC has been trading flat today at $54,000 but I see potential for the downside movement towards $52,000.
Trading recommendation:
Due to buying climax in the background with the rounding top formation after, I see potential for the downside movement.
Watch for selling opportunities on the rallies with the downside objective at the price of $52,000.
Stochastic is showing bull cross but with new momentum low on slow line.
Resistance is set at $55,500
