Technical analysis:
BTC has been trading downside in the background and I found breakout of the rising channel, which is good sign that sellers took control over buyers.
Trading recommendation:
Due to the strong downside pressure in the background and the breakout of the rising trend-line, I see potential for further drop.
Watch for the potential selling opportunities on the intraday rallies with the downside objectives at the price of $18.200 and $17.770.
MACD oscillator is showing fresh downside momentum, which is strong sign that sellers are in control.
Resistance is set at the price of $20.300
