Technical analysis:
BTC/USD has been trading upside and I found breakout of the multi-week defined trading range, which is good sign that buyers are in control and that there is chance for further upside movement.
Trading recommendation:
Due to the breakout of the trading range in the background, I see potential for further upside movement towards the next reference point.
Watch for the potential buying opportunities with the upside objective at $18.000
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $16.900