Analysis: The weekly chart of Bitcoin shows a bearish divergence in RSI similar to the cycle peak in 2021, which may lead to a pullback of over 50%.

2025-06-07 14:55:30

PANews June 7 news, according to Cointelegraph, Technical Analysis shows that the Bitcoin weekly chart has a bearish divergence in RSI similar to the 2021 cycle top, which may lead to a pullback of over 50%, falling towards $64,000. Trader Peter Brandt warns that Bitcoin must reclaim its parabolic trend line as soon as possible, or its bull run may end before reaching the target price of $150,000.

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GateUser-19134c7a

· 5h ago

Who analyzes, is it a fool?

Reply0

GoodStart

· 8h ago

Hold on tight, we are about to To da moon 🛫

Reply0

GoodStart

· 8h ago

Hold on tight, we are about to To da moon 🛫

Reply0

GoodStart

· 8h ago

Hold on tight, we're taking off To da moon 🛫

Reply0

GoodLuck

· 9h ago

Just go for it💪

Reply0

BTO宝啊

· 11h ago

This trader is selling the house to go all in hundreds of times; I need to go see a doctor.

Reply0

GateUser-8087e6e4

· 12h ago

Do you really think it's like before? For a 50% pullback, NVIDIA would have to experience a 50% Slump for it to be possible. The US stock market index cannot have multiple circuit breakers.

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Mr.Shuijin

· 12h ago

One moment they say it will fall to 64,000 dollars, and the next they say it won't reach 150,000 dollars before the cycle ends. They've said everything with ease, this is pure nonsense, a big liar! An analyst, really?

Reply4

GateUser-d77ff87a