After Bitcoin ($BTC ) surged to a new all-time high of $112,000, bulls were buzzing about a potential run to $150K by year’s end. But as of June 7, price is sliding under $105K — and the technicals? They’re starting to look dangerously familiar. 👀
📉 2021 Fractal Repeating?
Bitcoin’s weekly chart is showing a bearish RSI divergence — the same kind of pattern we saw right before the 2021 top.
🔹 RSI is dropping, even as price made higher highs
🔹 In 2021, that setup led to a 61% crash
🔹 Today’s divergence could mean a pullback to the 200-week EMA — around $64K
That’s a potential 52% correction, right as the market’s been eyeing that sweet $150K breakout. 🤯
🧩 Inverse Cup-and-Handle Forming?
Zooming in on the daily chart, traders are watching an inverse cup-and-handle pattern — a bearish setup. 😬
• Neckline support sits around $100,800
• Breakdown from here could send BTC to $91K
• That would test the 200-day EMA, a key support line
Meanwhile, RSI has dropped to 52, and if it breaks under 50? It could trigger even more selling. 🧨
To flip the script, bulls need to reclaim the 20-day EMA (~$105K). No pressure. 😅
🧙♂️ Peter Brandt Sounds the Alarm
Legendary trader Peter Brandt isn’t optimistic unless Bitcoin can reclaim its parabolic trendline.
In his May 2025 analysis, he warned:
“Failure to hold this curve could end the bull cycle early.”
He’s eyeing a rising wedge breakdown, and suggests that a failure here could lead to the classic 50–60% retracement we’ve seen after past BTC tops.
🪙 But Some Still See $150K Ahead…
Not everyone’s throwing in the towel. 🏁
Bullish analysts are comparing Bitcoin’s current structure to gold’s 2000s breakout — saying BTC could mimic that trajectory on its way to $150K–$175K. 📈
• Tony Severino points to a potential bull flag forming
• Axel Adler Jr. believes BTC is entering a “start zone” for a major rally
• If NUPL/MVRV ratio breaks above 1.0, history says: blastoff 🚀
📊 TL;DR – Are We Going Up or Down?
The market’s at a crossroads.
Either Bitcoin holds $100K and reclaims momentum…
Or the bearish divergences and patterns play out, sending us back toward $91K, or even $64K.
One thing’s clear:
🎯 Hitting $150K won’t be a straight line.
It might come — but not before some serious pain.
#MarketPullback #PeterBrandt #RSI #BullRunOrBust #150K #CryptoTA #DYOR #CryptoNews #InverseCupAndHandle
