BTCUSD: Bear Cycle Phase Two targeting 47,000BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin remains bearish on its 1W technical outlook (RSI = 39.218, MACD = -6023.000, ADX = 24.666) as it is still under the LH trendline, loosely supported by the 1D MA50. The is identical to the January 2026 sequence that preceded the aggressive bearish wave to the 1.618 Fibonacci extension. Technically a new such wave should start now to complete this Phase 2 (TP = 47,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##