Technical analysis:
BTC/USD has been trading upside as I expected and the price has reached the Fibonacci projection at $17.800. Anyway, there is still a lot of potential for the further rise towards main objective.
Trading recommendation:
Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for further growth towards the Pitchfork median line.
Watch for the potential buying opportunities with the upside objective at $21.350 and $22.400
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $16.725
