Technical analysis:
BTC/USD has been trading sideways at the price of $16.760, which is sign of the indecision . I see potential for the breakout play.
Trading recommendation:
In case of the upside breakout of the resistance at the $16.850, watch for buying opportunities with the upside objectives at $17.000 and $17.250
In case of the downside breakout of the support at $16.500, watch for selling opportunities with the downside objective at $16.100