Technical analysis:
BTC has been trading downside strongly and the price reached my main objective at $30.000. Anyway, selling pressure is still strong and if the price clear $29.500, I can see further drop towards $25.000.
Trading recommendation:
Due to the strong downside cycle and momentum, watch for selling opportunities on the rallies.
Downside objective is set at the price of $25.000.
MACD oscillator is showing strong downside momentum, which is sign that selling power is very strong.
Key resistance is set at the price of $40.500
