Technical analysis:
BTC has been trading downside as I expected. The price has reached the first downside objective at $22.600 and is heading towards next targets.
Trading recommendation:
Due to the strong supply and broken rising wedge pastern, I see further drop in play.
Watch for potential selling opportunities on the intraday rallies with the downside objectives at $21.000 and $19.000.
MACD oscillator is showing fresh new momentum to the downside, which is another confirmation of the momentum.
Key resistance is set at the price of $25.000
