Technical analysis:
BTC/USD has been trading sideways at the price of $21.250 but I see potential for the downside breakout of the upside channel.
Trading recommendation:
Due to the potential exhaustion from buyers, I see potential for the downside movement towards lower references.
Watch for the potential breakout of the upside channel to confirm further direction.
Downside objective is set at the price of $20.270
Stochastic oscillator is showing overbought condition, which si good sign for the downside movement.
Key support is set at the price of $21.400
