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Besides, the weekly RSI5 is now at 22, and such low readings during prior Bull markets coincided with significant bottoms: see the vertically dotted green lines in Figure 3 above. Lastly, the MACD made a higher high in December 2024 compared to March 2024, confirming the higher prices (dotted green arrow). We will need to see non-confirmation, i.e.<\/em>, negative divergence, like in 2021 (dotted red arrow) to signal a larger top is in place.<\/p>\n Thus, given the highly negative sentiment readings, oversold technical indicators, the four phases, and our preferred EWP count, we concluded that a new Bear market has not yet started but that the current decline is a correction within a more significant uptrend ending later this year, targeting $148500-185640, with an ideal of ~$166.7K.<\/p>\n<\/div>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] Figure 3. Our preferred detailed, long-term EWP count for BitcoinBesides, the weekly RSI5 is now at 22, and such low readings during prior Bull markets coincided with significant bottoms: see the vertically dotted green lines in Figure 3 above. Lastly, the MACD made a higher high in December 2024 compared to March 2024, confirming the higher prices (dotted green arrow). We will need to see non-confirmation, i.e., negative divergence, like in 2021 (dotted red arrow) to signal a larger top is in place. Thus, given the highly negative sentiment readings, oversold technical indicators, the four phases, and our preferred EWP count, we concluded that a new Bear market has not yet started but that the current decline is a correction within a more significant uptrend ending later this year, targeting $148500-185640, with an ideal of ~$166.7K. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":36947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-36946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/36946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=36946"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/36946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/36947"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=36946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=36946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=36946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}