Technical analysis:
BTC/USD has been trading downside and I found rejection of the key resistance cluster at $17.000. There is chance for further downside movement.
Trading recommendation:
Due to the rejection of the strong resistance at $17.000, I see potential for the further downside movement towards lower references.
Watch for the potential selling opportunities on the rallies with the downside objective at the price of $15.640.
MACD oscillator is showing fresh downside momentum, which is strong sign that sellers are in control.
Key support is set at the price of $15.640