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FX.co ★ BTC update for September 26, 2023 - Potential for the further downside movement

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Crypto Analysis:::2023-09-26T07:53:58

BTC update for September 26, 2023 - Potential for the further downside movement

Technical analysis:

BTC update for September 26, 2023 - Potential for the further downside movement

BTC/USD has been trading downside and I found breakout of the support at $26.400, which is good sign for the further downside movement.

Due to the breakout of the support and the downside momentum, I see potential for the further drop towards lower references.

Downside objectives are set at the price of $25.360 and $25.000

RSI oscillator is showing downtrend trend condition, which is good sign for the further downside movement.

Intraday resistance is set at the price of $26.400

Analyst InstaForex
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