Technical analysis:
BTC/USD has been trading downside this morning and I found the breakout of the trading range in the background.
Trading recommendation:
Due to the breakout of trading range, I see potential for the further downside movement towards lower reference.
Watch for potential selling opportunities on the rallies with the downside objective at $20.400.
MACD oscillator is showing fresh downside momentum, which is another sign for the further downside movement.
Key short-term resistance is set at the price of $22.300
