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Technical analysis:
BTC/USD has been trading downside in the background and I found breakout of the support level at $41.580, which is good sign for the further downside movement.
Due to the breakout of the support level and RSI reading below 50, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $40.200
RSI oscillator is showing reading below the 50 level, which is sign that downside pressure is present.
Key intraday resistance is set at the price of $41.600
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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