Key takeaways:
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A 2021-style bearish divergence in the weekly chart points to a potential 50%+ correction towards $ 64,000.
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Peter Brandt warned Bitcoin that its parabolic trendline should be taken as soon as possible or the risk of finishing its bull cycle before reaching a $ 150,000 target.
Bitcoin’s (Btc) move forward with a record of $ 112,000 sparked Hope has changed for a $ 150,000 target By the end of the year, but it Swift Correction below $ 105,000 is a test of bullish narrative.
Is Bitcoin painting a bearish reversal?
Bitcoin paints what appears to be an opposite cup-and-handle pattern, along with a neckline near $ 100,800 acting as current support. Until June 7, the price entered the phase of handling, looking at a breakdown under the neckline.
Based on the opposite cup-and-handle pattern setup, a breakdown below $ 100,800 will increase the likelihood of falling Bitcoin to $ 91,000.
The $ 91,000 downside target is aligned with the 200-day exponential transfer of average (200-day EMA; The Blue Wave).
Bitcoin’s Relative Strength Index (RSI) declined in conjunction with its price, which signed the strong conviction of the entrepreneur behind the ongoing sale-off.
On June 7, the RSI reading was 52, reflecting a weak momentum; A break below 50 may intensify the downside pressure.
To regain control, the Bulls must obtain 20-day EMA (the purple wave) resistance to around $ 105,000 levels. A collapse towards $ 91,000 could effectively lower BTC’s potential to hit $ 150,000 by the end of 2025.
2021 fractal suggests BTC will not hit $ 150,000 in 2025
In a wider Timescale, Bitcoin’s weekly chart flashed a familiar warning.
A difference -variety of bearish is formed between price and RSI, reflecting the 2021 cycle top, when the RSI is lower despite higher prices. That variation preceded a 61% correction to the 200-week EMA (the blue wave) and below.
A similar structure is seen today, with a variation that makes up just below $ 112,000 high and an expected target pullback near 200-week EMA around $ 64,000, marking a potential 52% decline.
This historic setup doubts Bitcoin reaches a widely discussed $ 150,000 target by the end of 2025, especially if the difference is proven to prove a wider top of the market similar to previous cycles.
Veteran businessman Peter Brandt adds additional weight to this view.
In his review of May 2025, Brandt recognized A rising wedge pattern and warned that Bitcoin should get the parabolic trendline to stay on track for a $ 125,000- $ 150,000 cycle top by August or September 2025.
He noted that the failure to do so could mark the end of the current bullish -which potentially triggered a standard 50-60% drawdown following the preceding tops.
The gold trajectory, the bitcoin “bull flag” hint at a $ 150k
Despite growing technical warnings, some analysts remain confident in the Bitcoin path to $ 150,000.
Entrepreneurs see the similarity between the current structure of the Bitcoin market and explosive Gold breakout in the 2000s. They are already arguing BTC may imitate the historical gold trajectoryThe $ 150,000 scenario was strengthened.
Analyst Tony Severino Cites A potential bull flag structure to predict an increase in BTC prices to $ 150,000.
From an onchain perspective, Bitcoin researcher Axel Adler Jr believes that the BTC is approaching a critical “Start” rally zone based on historical cycle patterns.
If the NUPL/MVRV ratio holds above 1.0, it will indicate the start of a new bullish impulse, the analyst note, which says it can push Bitcoin prices to $ 150,000- $ 175,000 range, similar to rallies seen in 2017 and 2021.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
