Technical analysis:
BTC/USD has been trading downside this morning and I found breakout of the trading range and support at $28.750, which is good sign for the further downside movement.
Due to the breakout of the trading range to the downside and strong bearish momentum, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $27.500
Resistance level is set at the price of $28.760
