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Analysis: Bitcoin weekly chart shows a bearish divergence in RSI similar to the top of the 2021 cycle, or a pullback of over 50%

PANews
PANews|Jun 07, 2025 14:55
According to Cointelegraph, technical analysis shows that the Bitcoin weekly chart shows a bearish divergence in RSI similar to the top of the 2021 cycle, with the possibility of a pullback of over 50% towards $64000. Trader Peter Brandt warns that Bitcoin must quickly recover from its parabolic trend line, otherwise its bull market cycle may end before reaching its target price of $150000.
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