Technical analysis:
BTC/USD has been trading downside at the price of $16.400. Anyway, I see the downside movement like a pullback and potential for the further rise.
Trading recommendation:
Due to the strong upside pressure and channeling mode to the downside , Isee potential for further upside continuation.
Watch for the potential buying opportunities with the key Fibonacci confluence support at $16.300.
Upside objectives are set at $17.000 and $17.500
Stochastic is showing bull reading, which is sign that there is chance for the upside continuation.
Key support is set at the price of $16.300
