Technical analysis:
BTC has been trading downwards yesterday but with decreasing in momentum, which is sign that downside power is decreasing.
Trading recommendation:
Due to lack of selling power to break and hold below the pivot support at $37,400, I see potential for the upside rotation.
Watch for buying opportunities with the upside objectives at $39,700 and $41,000.
Additionally, there is the bullish divergence on the Stochastic oscillator, which is another confirmation that selling power is losing power.
Key support is set at the price of $37,000
