Technical analysis:
BTC has been trading downside today but I see further downside continuation in the next period.
Trading recommendation:
Due to breakout of the rising trendline and the fake breakout of the 20-day high, I see potential for the downside continuation.
Watch for selling opportunities on the rallies with the downside target at $53,250.
BTC is trading below the 10,20 and 50 day moving average.
Stochastic is showing a bull cross but with no big reaction on price action, which is sign that cross is "weak:"
Resistance level is set at the price of $62,200
