FX.co ★ BTC update for September 25, 2023 - Potential for the further downside movement

Technical analysis:

BTC/USD has been trading downside today and there was rejection of the supply trend-line in the background, which is good sign for the further downside movement.

Due to the rejection of the supply trend line and hidden bearish divergence, there is the chance for the further drop towards downside references.

Downside objectives are set at the price of $25.400 and $24.900

RSI oscillator is showing fresh hidden bearish divergence, which is good sign for the further downside movement.

Key resistance is set at the price of $27.300