Technical analysis:
BTC/USD has been trading sideways at the price of $29.150 but I see potential for the further downside movement.
Due to potential completion of the ABC upside correction, I see further downside movement towards lower references.
Downside objectives are set at the price of $28.950 and $28.755
Stochastic oscillator is showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of $29.380