Technical analysis:
BTC/USD has been trading upside but the market reached key resistance at the price of $16.920 and had rejection. I see potential for the downside rotation.
Trading recommendation:
Due to the rejection of the resistance in the background , I see potential for the further downside movement towards lower references.
Watch for the potential selling opportunities with the downside objectives at $16.785 and $16.720
Stochastic oscillator is showing fresh bear cross and potential for the downside movement.
Key resistance is set at the price of $16.925
