Technical analysis:
BTC has been trading downside as I expected and there is potential for further drop due to lack of buying power and strong selling pressure.
Trading recommendation:
Due to strong selling power and downside trend, I expect further downside movement towards next reference points.
Watch for selling opportunities on the intraday rallies with next downside objectives at $20.000 and $13.500.
MACD oscillator is showing fresh momentum downside, which is good sign for further downside movement.
Key resistance is set at the price of $32.000
