Technical analysis:
BTC/USD has been trading sideways at the price of $27.950. I see potential for the downside rotation towards lower end of the trading range.
Due to the rejection of the key resistance in the background, I see potential for the further downside movement towards lower reference.
Downside objectives are set at the price of $27.275 and $26.640
MACD oscillator is showing bearish reading, which is another good confirmation for the further downside.
Key resistance is set at the price of $28.800
