Technical analysis:
BTCUSD has been trading sideways at the price of $29.730 and there is potetnial for the breakout.
Trading recommendation:
Due to the well defined sideways regime, I see potential for the breakout and bigger movement in the next period.
If the price breaks the level of $31.270, BTC might trade towards the price at $33.605. In case of the upside breakout, buying opportunities will be preferable.
If the price breaks the level of $28.600, BTC might trade towards $25.500.
In case of the downside breakout, watch for selling opportunities on the rallies with the downside objective at $25.500
