Is more downward movement possible for Bitcoin?

Bitcoin tested the resistance zone and got rejected once again and broke our rising wedge downward which was expected seeing all of the buyer exhaustion we saw on the RSI. On the 1hr chart we are seeing some seller exhaustion which could potentially mean some higher prices maybe a small rising wedge but I think we will move sideways for a little bit to let the oscillators reset and then see more downwards movement possibly to the 0.618 level at around 4.8-5k