Technical analysis:
BTC/USD has been trading downside this morning and I saw breakout of the rising wedge pattern and rejection of the key resistance at $20.400.
Trading recommendation:
Due to the breakout of the rising wedge pattern, I see potential for further drop towards lower reference levels.
Watch for selling opportunities on the intraday rallies with the downside objectives at $20.130, $20.000 and $19.775.
Stochastic oscillator is showing bearish divergence in the background, which is another sign that buyers lost power.
Key resistance is set at the price of $20.445
