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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%.
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.
If the market were to listen to him, he wouldn't be talking here!