As of June 7, the RSI reading was 52, reflecting a weakening upside momentum; a break below 50 could intensify downside pressure.

#BTC bearish divergence has formed between price and RSI, mirroring the 2021 cycle top, when RSI trended lower despite higher price highs. That divergence preceded a 61% correction toward its 200-week EMA

A similar structure is now visible, with a divergence forming just below the $112,000 high and a projected pullback target near the 200-week EMA at around $64,000, marking a potential 52% decline