Technical analysis:
BTC/USD has been trading upside this morning as I expected and the price has reached first upside objective at $16.900. Key resistance is on the test and watch carefully price action to confirm further direction.
Trading recommendation:
In case of the breakout and hold above resistance zone at $16.900, watch for buying opportunities with the next upside objective at $17.300
In case of the rejection of the resistance zone, watch for selling opportunities with the downside objective at $16.655
