Is a rebound of Bitcoin's price to 150,000 dollars possible by the end of the year?

A bearish divergence in the RSI, similar to that of 2021, suggests that Bitcoin could face a correction of more than 50% towards 64,000 dollars, challenging the 150,000 dollar target for the end of the year.

Is a rebound of Bitcoin's price to 150,000 dollars possible by the end of the year?

Market Analysis

Key Points:

A bearish divergence similar to 2021 on the weekly chart points to a possible correction of more than 50% towards 64,000 dollars.

Peter Brandt warns that Bitcoin must soon recover its parabolic trend line or risk ending its bullish cycle before reaching the 150,000 dollar target.

The Bitcoin rebound

BTC

92,638 €

to a record of 112,000 dollars generated renewed hopes of reaching a target of 150,000 dollars by the end of the year, but its rapid correction below 105,000 dollars is testing that bullish narrative.