Technical analysis:
BTC has been trading downside most recently and I see potential for downside continuation.
Watch for selling opportunities on the rallies with the downside targets at $53,510 and $52,000.
Stochastic is showing fresh bear cross with the overbought condition.
Key resistance is set at the price of $56,000
In the background we got buying climax and rounding top formation, which is another sign for the downside movement.
