Technical analysis:
BTC has been trading downside as I expected. There is the potential for the further downside continuation.
Trading recommendation:
Due to strong downside cycle in last 20 days, I see potential for the downside continuation.
Watch for selling opportunities on the rallies with the downside objective at the price of $53,411.
Stochastic is showing another fresh bear cross, which is sign for the downside continuation.
Resistance level is set at the price of $60,000
