Technical analysis:
BTC/USD has been trading downside this morning but I found strong intraday support at the price of $16.900 and I see potential for the further upside movement.
Trading recommendation:
Due to the test and reject of the support, I see potential for the further upside movement.
Upside objective is set at the price of $17.100
Stochastic oscillator is showing oversold condition and potential for the upside rotation