Technical analysis:
BTC/USD has been trading downside in the background and I see potential for the further downside continuation.
Due to the breakout of the rising trend line in the background and bear flag pattern this morning, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $29.340, $29.150 and $28.770
Intraday resistance level is set at the price of $29.640
Additionally, there is the double top formation in the background, which is another sign for the further downside movement....