Technical analysis:
BTC/USD has been trading downside as I expected and the price has reached targets at $20.130 and $19.990. Anyway, I see potential for further downside movement due to the strong downside momentum.
Trading recommendation:
Due to the strong downside momentum in the background and breakout of the rising wedge in the background, I see potential for further downside..
Watch for the potential selling opportunities on the rallies with the next downside objectives at the price of $19.766 and $19.190.
MACD oscillator is showing fresh downside momentum, which is good sign that sellers are in control.
Key resistance is set at the price of $20.450
