FX.co - BTC update for September 26, 2023 - Potential for the further downside movement

2023-09-26T07:53:58

Relevance until2023-09-27

Technical analysis:

BTC update for September 26, 2023 - Potential for the further downside movement

BTC/USD has been trading downside and I found breakout of the support at $26.400, which is good sign for the further downside movement.

Due to the breakout of the support and the downside momentum, I see potential for the further drop towards lower references.

Downside objectives are set at the price of $25.360 and $25.000

RSI oscillator is showing downtrend trend condition, which is good sign for the further downside movement.

Intraday resistance is set at the price of $26.400

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for September 26, 2023 - Potential for the further downside movement