According to CryptoPotato: Bitcoin's price has fallen below several key technical indicators, suggesting that further declines may be on the horizon. On August 29, Michael Saylor, former CEO of MicroStrategy, the world's largest corporate Bitcoin holder, noted that the cryptocurrency had dropped below the 200-week moving average, a rare event. This long-term indicator has historically served as a strong support zone during market cycle bottoms, which we may still be in. When Bitcoin falls below this level, it is often seen as an attractive buying opportunity for long-term investors. MicroStrategy has not yet purchased Bitcoin at this level, with its last acquisition occurring in late July when it bought 467 BTC for $30,835 per coin. Benjamin Cowen, CEO of the ITC newsletter, examined the monthly MACD, a lagging indicator that has turned green. The last time this happened was in July 2019, which was the best month of that year. Cowen predicted a similar outcome for this year, suggesting more short-term pain ahead. Analyst Murad Mahmudov also expressed a bearish outlook, stating that delays in ETF approvals are likely to keep markets sideways for an extended period. Investor and YouTuber Lark Davis was slightly more optimistic, observing that buyers ranging from small retail investors to whales are already outpacing the monthly supply produced by miners. He added that the halving in April would reduce emissions by 50% while demand continues to rise. The fear and greed index currently reads 39, indicating 'fear' after months at neutral levels. Bitcoin's price dropped below $26,000 for the second time in 24 hours during early trading in Asia on Tuesday morning, and is now trading at $26,084, the same level as this time yesterday. The cryptocurrency has been consolidating around this level since the significant drop on August 18, and it appears likely to decline further before any significant upswing occurs.