Technical analysis:
BTC/USD has been trading upside as I expected and I see potential for further growth due to the higher lows and higher highs in the background.
Trading recommendation:
Due to the strong upside pressure in the background and rejection of the key Fibonacci confluence in the background, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $17.100 and $17.300
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $16.300
