Technical analysis:
BTC has been trading downside as I expected and the price has reached downside objective at $17.000 but there is potential for further drop.
Trading recommendation:
Due to the strong downside momentum and breakout of the key support, I see potential for further drop.
Watch for selling opportunities on the rallies with the downside objective at the price of $14.000.
MACD oscillator is showing strong downside momentum, which is sign that sellers are in control.
Key resistance is set at the price of $17.225