Technical analysis:
BTC/USD has been trading downside I expected and the second target has been reached at the price of $20.000. I still see potential for the further drop towards next target.
Trading recommendation:
Due to the strong downside momentum and bear trend, I see potential for further drop towards next main reference point.
Watch for selling opportunities on the rallies with the next downside objective at $12.000.
MACD oscillator is showing new fresh downside momentum, which is good sign for the overall weakness.
Key resistance is set at the price of $25.000
