Technical analysis:
BTC/USD has been trading sideways at the price of $29.000 but I see that market is building the range and that is in the extreme condition.
Due to the extreme condition on BTC/USD and the fresh bear crosses on the oscillators, I see potential for the further downside movement.
Breakout of the support at $24.140 can confirm further downside movement.
Downside objective is set at the price of $22.620
Stochastic and MACD oscillators are showing extreme condition and fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of $26.200
