Technical analysis:
BTC/USD has been trading downside as I expected. The price reached my first objective at the price of $20.000. Anyway, I still expect further downside movement.
Trading Recommendation:
Due to the strong supply in the background and bearish trend, I see potential for further drop.
Watch for potential selling opportunities on the intraday rallies wit the next objective at the price of $18.000.
MACD oscillator is showing bearish reading and increasing in momentum.
Key resistance is set at the price of $21.800.
