📈 Bitcoin $BTC Hits $112K, Drops to $105K — Is the Bull Run in Jeopardy?
According to a recent report from Odaily, Bitcoin (BTC) briefly surged to an all-time high of $112,000, before retreating sharply below $105,000, sparking concerns over whether the flagship cryptocurrency can still reach its much-anticipated $150,000 target by year-end.
🔍 Technical signals are flashing warnings. Analysts point to a bearish divergence in the weekly RSI, echoing patterns seen during the 2021 cycle top. If history repeats, BTC could face a major correction of over 50%, potentially dragging the price down to around $64,000.
🚨 Veteran trader Peter Brandt has also issued a cautionary note, stating that Bitcoin must retest its parabolic trendline soon — or risk ending the current bull market cycle altogether.
📊 However, bullish voices haven’t faded. Some on-chain analysts argue that if metrics like NUPL (Net Unrealized Profit/Loss) and the MVRV ratio exceed the key threshold of 1.0, Bitcoin could still push towards the $150K–$175K range.
🔄 For now, Bitcoin appears to be consolidating around $105,000, as traders and investors await clearer direction.
A dynamic chart of Bitcoin spiking to $112K, dipping to $105K, with red caution flags, RSI divergence visual, and trendline analysis. Include
bullish vs bearish sentiment arrows for contrast.
