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Technical analysis:
BTC/USD has been trading downside this morning and I found rejection of the resistance at the price of $43.400, which is sign for the downside rotation.
Due to the rejection of the resistance cluster and the divergence on the RSI oscillator, I see potential for the further downside movement towards lower references.
Downside objectives are set at the price of $41.650 and $40.340
RSI oscillator is showing bearish divergence, which is good sign for the further downside movement.
Key resistance is set at the price of $43.500
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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