Technical analysis:
BTC/USD has been trading sideways at the price of $24.500 but I see potential for the downside continuation.
Due to the breakout of the multi day consolidation in the background and weak rally today, I see potential for the further downside continuation.
Downside objectives-are set at the price of $28.935 and $28.240
MACD oscillator is showing weak buying power and bearish divergence, which is another sign for the further downside continuation.
Resistance is set at the price of $29.600