27.09.202310:00 Forex Analysis & Reviews: BTC update for September 27, 2023 - Potential for the further downside movement

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Technical analysis:

BTC/USD has been trading sideways at the price of $26.300 but I see potential for the downside movement towards lower references.

Due to the lower highs and lower lows in the background plus downside condition on RSI, I see potential further drop towards lower reference.

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

RSI oscillator is showing downside codiiton with no evidence for the reversal

Key resistance is set at the price of $26.400

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