Technical analysis:
BTC has been trading sideways at the price of $47.900. I see potential for the downside correction before any further upside continuation.
Trading recommendation:
Due to potential exhaustion in the background from the buyers, I see potential for the downside rotation.
Watch for potential downside movement towards $46.950 and $45.270.
Stochastic and MACD are showing decrease in the upside momentum which is another sign for potential downside rotation.
Resistance is set at the price of $48.000
