Technical analysis:
BTC/USD has been trading upside as I expected and the price has reached the first upside objective at the price of $17.120. Anyway, I see potential for further upside movement due to the strong upside momentum.
Trading recommendation:
Due to the strong upside pressure in the background and the completion of downside correction, I see potential for the further growth towards next reference points.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $17.400 and $17.800.
MACD 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
