From Cointelegraph

June 7, 2025 10:05 am:

Bitcoin is at risk of a 50%+ correction to $64,000, according to a 2021-style bearish divergence on the weekly chart. Peter Brandt warns of a potential end to the bull cycle before reaching the $150,000 target. A surge to $112,000 sparked hopes for $150,000, but a correction below $105,000 tests that narrative.

Bitcoin may be setting up for a bearish reversal with an inverse cup-and-handle pattern pointing to a breakdown below $100,800. A move below that level could lead to a drop towards $91,000, aligning with BTC’s 200-day EMA. The RSI has declined, indicating strong sell-off conviction.

A 2021 fractal suggests Bitcoin may not hit $150,000 by 2025, with a potential 52% decline towards $64,000. A bearish divergence on the weekly chart mirrors past cycles, casting doubt on the $150,000 target. Peter Brandt warns Bitcoin must reclaim its parabolic trendline to avoid a cycle top.

Despite technical warnings, analysts see Bitcoin potentially reaching $150,000, comparing its market structure to gold’s historic trajectory. A potential bull flag structure and onchain analysis suggest a BTC price boom towards $150,000. Analysts believe a break above 1.0 in the NUPL/MVRV ratio could push Bitcoin towards $150,000-$175,000.

Read more at Cointelegraph: Is Bitcoin price rally to $150K possible by year’s end?