Technical analysis:
BTC has been trading downside in last few hours and I see that there is the breakout of the well defined rising channel in the background, which is good sign for the potential downside movement.
Trading recommendation:
Due to the breakout of the rising channel and the lower highs in past 24 hours, I see potential for fuhrer drop.
Watch for selling opportunities with the downside targets at $61,720 and $59,755
There is fresh bear cross on the oscillator, which is another confirmation for the downside movement.
Key resistance is set at $63,700
