Technical analysis:
BTC has been trading sideways at the price of $40.500 and I see the breakout to the downside.
Trading recommendation:
Due to the breakout of the tight consolidation in the background, I see potential for the downside movement.
Watch for potential selling opportunities on the rallies with the downside objectives at $39.500 and $38.280.
Stochastic oscillator is showing negative reading with no signs for the reversal.
Key resistance is set at the price of $40.770
