Analysis: Bitcoin Weekly Chart Shows RSI Bearish Divergence Similar to 2021 Cycle Top, Potential for Over 50% Pullback
View original
Technical analysis shows that Bitcoin's weekly chart is exhibiting a bearish RSI divergence similar to the 2021 cycle top, potentially leading to a pullback of over 50%, dropping towards $64,000. Trader Peter Brandt warns that Bitcoin must quickly reclaim its parabolic trendline, or its bull market cycle may end before reaching the target price of $150,000. (Cointelegraph)
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Overview of Key Overnight Developments on June 11
金色财经•2025/06/10 23:31
Overview of Important Developments on the Afternoon of June 10
金色财经•2025/06/10 05:06
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$110,164.4
-0.07%
Ethereum
ETH
$2,810.23
+4.54%
Tether USDt
USDT
$1.0000
-0.04%
XRP
XRP
$2.31
-0.60%
BNB
BNB
$673.46
+1.03%
Solana
SOL
$164.94
+2.24%
USDC
USDC
$0.9998
+0.00%
Dogecoin
DOGE
$0.1979
+1.60%
TRON
TRX
$0.2914
+1.40%
Cardano
ADA
$0.7169
+1.67%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now