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Technical analysis:
BTC has been trading downside this morning and I found breakout of the mini rising trend line within the consolidation, which can be a good sign for the further downside movement.
Due to the breakout of the mini rising trend-line, I see potential for the further downside movement towards the bottom of the consolidation.
Downside objective is set at the price of $34.845
RSI oscillator is flat and reading around 50 level
Alternative scenario: In case of the upside breakout of the key resistance at $38.000, there is the chance for the further rally towards $41.000
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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