Technical analysis:
BTC/USD has been trading downside at the price of $17.000. Anyway, I see potential for the further rally due to strong support on the test.
Trading recommendation:
Due to the strong support and multi Fibonacci confluence on the test, I see potential for the further upside movement.
Watch for the potential buying opportunities with the upside objective at the price of $17.735
Stochastic Oscillator is showing oversold condition bull cross, which his good sign for further rally.
Key support is set at the price of $16.900
