Technical analysis:
BTC/USD has been trading sideways at the price of $16.800/ Anyway, I see potential for the upside movement due to the potential completion of the downside correction.
Trading recommendation:
Due to the potential completion of the downside correction and strong rejection in the background, I see potential for the further rally.
Watch for the potential buying opportunities with the upside objectives at $17.110 and $17.350.
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $16.600
