Technical analysis:
BTC/USD has been trading sideways at the price of $16.800and I see potential for the breakout play.
Trading recommendation:
Due to the sideways condition and well defined trading range, I see potential for the breakout play.
In case of the breakout and hold above the resistance at $16.950, watch for buying opportunities with the upside objective at $17.310
In case of the breakout of the support at $16.720, watch for selling opportunities with the downside objective at $16.365
