Technical analysis:
BTC has been trading upside this morning but I see exhaustion on the upside and potential for the downside correction.
Trading recommendation:
Due to channeling mode and bearish divergences on the Stochastic, I see potential for the downside rotation.
Downside objective is set at the price of $51,900.
Resistance is set at the price of $57,000
The material has been provided by InstaForex Company - www.instaforex.com