Technical analysis:
BTC is trading downside with good momentum and there is still potential for the downside continuation.
Trading recommendation:
Due to strong downside movement and potential for the further drtop I see potential for the selling opportunities on the rallies.
Watch for selling opportunities on the rallies with the downside target at the price of $52,790.
Stochastic is showing is showing weekly bearish divergence, which is sign that there is potential fort further downside movement.
Resistance level is set at the price of $59,400
