FX.co ★ BTC update for September 18, 2023 - Potential for the pullback

Technical analysis:

BTC/USD has been trading this this morning and I found potential buying climax in the background, which is sign for the potential downside movement and correction.

Due to the buying climax in the background and the sideways condition, I see potential for the downside rotation towards lower reference.

Downside objective is set at the price of $26.840

RSI oscillator is showing bullish extension and potential for the downside correction.

Key resistance is set at the price of $27.500