RoYoK
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Bullish
๐ค Is a rebound in the price of Bitcoin to 150,000 dollars possible by the end of the year? ๐๐งจ
๐ 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 target of 150,000 dollars by the end of the year.
A bearish divergence in the style of 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 reclaim its parabolic trend line or risk ending its bullish cycle before reaching the target of 150,000 dollars.
To regain control, bulls must reclaim the resistance of Bitcoin's 20-day EMA (the purple wave) around the level of 105,000 dollars. A drop to 91,000 dollars could effectively reduce BTC's potential to reach 150,000 dollars by the end of 2025.
A similar structure is now visible, with a divergence forming just below the high of 112,000 dollars and a projected retracement target near the 200-week EMA around 64,000 dollars, marking a possible decrease of 52%.
This historical setup raises doubts about the possibility of Bitcoin reaching the much-discussed target of 150,000 dollars by the end of 2025, especially if the divergence confirms a broader market top similar to past cycles.
#MarketPullback $BTC
๐ 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 target of 150,000 dollars by the end of the year.
A bearish divergence in the style of 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 reclaim its parabolic trend line or risk ending its bullish cycle before reaching the target of 150,000 dollars.
To regain control, bulls must reclaim the resistance of Bitcoin's 20-day EMA (the purple wave) around the level of 105,000 dollars. A drop to 91,000 dollars could effectively reduce BTC's potential to reach 150,000 dollars by the end of 2025.
A similar structure is now visible, with a divergence forming just below the high of 112,000 dollars and a projected retracement target near the 200-week EMA around 64,000 dollars, marking a possible decrease of 52%.
This historical setup raises doubts about the possibility of Bitcoin reaching the much-discussed target of 150,000 dollars by the end of 2025, especially if the divergence confirms a broader market top similar to past cycles.
#MarketPullback $BTC
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