Technical analysis:
BTC/USD has been trading downside this morning and I found breakout of the key support at the price of $16.320.
Trading recommendation:
Due to the breakout of the key support in the background, I see potential for the downside movement.
Watch for the potential selling opportunities on the rallies with the downside objectives at $16.000 and $15.275.
MACD oscillator is showing downside reading, which is sign that sellers are in control.
Key resistance is set at the price of $16.380