Technical analysis:
BTC has been trading downside due to overbought condition in the background. The price tested the level of $34.205.
Trading recommendation:
Watch for potential selling opportunities if the price breaks the upside channel.
Downside targets is set at the price of 1.1855.
Resistance is set at 1.1975
Stochastic is showing downside cross and potential for downside continuation...
Bollinger bands are showing contraction and potential for the breakout....