BTCUSD: HL breakout initiates bearish wave to 50,000BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin is bearish on its 1D technical outlook (RSI = 41.871, MACD = -635.400, ADX = 25.195) trading within a Channel Down since the October 2025 ATH. The price is now under the 1D MA50 and crossed below the HL trendline which on January 20th was a confirmation for the start of the Channel's new Bearish Wave. The two waves before declined by almost the same percentage so we anticipate at least a -35.50% decline from the recent high (TP = 50,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##