Technical analysis:
BTC/USD has been trading downside this morning but I see potential end of the downside correction and start of the new upside movement.
Due to the breakout of the trading range and the natural pullbacks, I see potential for the further rally towards upside objective.
Upside objective is set at the price of $29.800
Stochastic oscillator is showing fresh bull cross from the oversold condition, which is good sign for the further rally.
Key support is set at $27.500
