Analysis: The Bitcoin weekly chart shows a bearish divergence in the RSI similar to the cycle peak in 2021, which may result in a correction exceeding 50%

According to HashKey News, technical analysis indicates that the Bitcoin weekly chart displays a bearish divergence in the RSI similar to the cycle peak in 2021, which could lead to a price correction of over 50%, dropping to $64,000. Trader Peter Brandt warns that if Bitcoin cannot quickly recover its parabolic trend line, its bull market cycle may end before reaching the target price of $150,000.