PALANTIR Bear Cycle accelerating. Potential bottom at $43.

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Palantir (PLTR) was one of the biggest winners of the 2023 - 2025 A.I. driven Bull Cycle but since breaking below its 1W MA50 (blue trend-line) two weeks ago, it has confirmed its new Bear Cycle.

So far this is no different than the previous one in late 2021 - 2022. That Bear Cycle also started when the 1W MA50 broke to the downside, while the 1W RSI was already trending downwards within a Channel Down (as the market has also been doing since 2025 on the current fractal).

Once the 1W MA50 broke, the 2022 Bear Cycle found its first Support when the 1W RSI got oversold (below 30.00), which took place around the 0.786 Fibonacci retracement level. The market eventually bottomed 6 months later after completing a nearly -80% total drop.

The 0.786 Fib on the current fractal is around $82.50 and Palantir may potential make contact with its 1W MA200 (orange trend-line) also by then (RSI possible below 30.00 again). We believe it is possible to go for another -80% total correction, giving a Bear Cycle bottom at $43.00.

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