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Technical analysis:
BTC/USD has been trading downside as I expected. There is potential for the bigger drop towards $18.000 and $10.000. Trading recommendation: Due to the breakout of the bear flag pattern in the background and strong downside momentum, I see potential for further drop. Watch for potential selling opportunities on the rallies with the downside objectives at $18.000 and $10.000.. MACD oscillator is showing new fresh downside momentum, which is good sign and confirmation for further drop. Short-term resistance is set at the price of $20.500
Read more: https://www.instaforex.eu/forex_analysis/282651