Technical analysis:
BTC has been trading downside this morning and I see potential for further drop towards downside reference points. There is the breakout of the rising channel in the background, which is good sign for further downside movement.
Trading recommendation:
Due to the breakout of the rising channel in the background, I see potential for further drop.
Watch for the potential selling opportunities with the downside objective at the price of $20.270.
Stochastic oscillator is showing fresh bear cross and bear divergence, which is good sign for further downside movement.
Key resistance is set at the price of $20.675
