BTCUSD: $50,000 eyed as the Bear Cycle is close to an end.BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin remains bearish on its 1W technical outlook (RSI = 39.083, MACD = -7094.700, ADX = 22.721) despite the recent short term rebound, as the long term trend remains bearish and the Bear Cycle isn't over yet. Having just crossed under the 1W MA200, expect BTC to go into the final quarter of the bottom phase, close to the 1.786 Fibonacci like in 2022. Target intact (TP = 50,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##