Technical analysis:
BTC/USD has been trading downside and I found the breakout of the rising wedge pattern in the background, which is sign that sellers are in control.
Trading recommendation:
Due to the breakout of the rising wedge in the background, I see potential for further downside movement.
Watch for potential selling opportunities on the intraday rallies with the downside objective at $18.700 and $18.260.
MACD Oscillator is showing fresh downside reading, which is sign that downside momentum is increasing.
Key resistance is set at the price of $21.500