28.09.202310:46 Forex Analysis & Reviews: BTC update for September 28, 2023 - Potential for the further downside movement

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Technical analysis:

BTC/USD has been trading sideways at the price $26.400 but I see potential for the further downside movement.

Due to the lower highs and lower lows plus divergence on the RSI, there is potential for the further downside movement towards lower references.

Downside objectives are set at the price of $25.400 and $24.900

RSI Oscillator is showing negative reversal, which is good sign for the further downside movement.

Resistance is set at the price of $26.700

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