Greetings! Today, I will talk about my technical analysis on today's move and potential outcomes in the future.

Today's move

Today, Bitcoin moved from 26.5k-25.8k down to 25k-24.9k. This came as no surprise as I predicted this many articles back. The move alone managed to push Bitcoin down to oversold territories on the 4-hour RSI (Below 30), nearly reset the bullish cross, and confirm yet another lower low in the bearish divergence. Addtionally, we have reached a crucial level of support (Bottom 25k). Due to these two indicators, I can confirm that Bitcoin will at the very least have a small reversal towards 26k.

Despite this, the possibility of 24.5-24k is likely due to the projection of the current falling wedge. However, I do stand on my decision that there will be a reversal in late September due to the 20/50 ema beginning to close in together and the tip of the falling wedge.

Conclusion

Due to these technical factors, I believe that it is time to begin accumulating. However, make sure to accumulate in increments rather than in large batches because it is still highly likely that we will hit the high 24k's and perhaps even low 24k.