PANews reported on June 7th that according to Cointelegraph, technical analysis shows that the Bitcoin weekly chart displays an RSI bearish divergence similar to the cycle top in 2021, potentially leading to a correction of over 50%, dropping to $64,000. Trader Peter Brandt warned that Bitcoin must quickly reclaim its parabolic trend line, otherwise its bull market cycle might end before reaching the target price of $150,000.
Analysis: Bitcoin weekly chart shows RSI bearish divergence similar to the 2021 cycle top, or a correction of more than 50%
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