Main to remember::
-
A 2021 style divergence on the weekly graph indicates a potential correction of 50% + to $ 64,000.
-
Peter Brandt warns that Bitcoin must recover his parabolic trend line soon or risk putting an end to his bull cycle before reaching the goal of $ 150,000.
Bitcoin (BTC) switch to a record of $ 112,000 triggered Renewed hopes for a target of $ 150,000 at the end of the year, but it is Quick correction below $ 105,000 Test this bullish story.
Is Bitcoin paint a downward reversal configuration?
Bitcoin paints which seems to be an opposite pattern of cup and sleeve, with its neckline nearly $ 100,800 acting as a current support. As of June 7, the price entered the stadium of the handle formation, looking at a breakdown under the neckline.
Based on the reverse configuration of the cup and the English Channel, ventilation of less than $ 100,800 will increase the probability of Bitcoin to drop to $ 91,000.
The drop -down target of $ 91,000 aligned with the exponential mobile average of 200 days of BTC (200 -day EMA; The Blue Wave).
Bitcoin Relative force index (RSI) decreased in tandem with its price, signaling a strong conviction to trade behind the current sale.
As of June 7, the RSI reading was 52, reflecting an impulseed momentum; A rupture below 50 could intensify the pressure downwards.
To regain control, the Bulls must recover the EMA resistance from 20 days of Bitcoin (The Purple Wave) to approximately the level of $ 105,000. A drop to $ 91,000 could effectively reduce the BTC potential to reach $ 150,000 by the end of 2025.
2021 Fractal suggests that BTC will not reach $ 150,000 in 2025
On a larger time scale, the weekly Bitcoin graphic flashes a familiar warning.
A downward divergence was formed between the price and the RSI, reflecting the top of the 2021 cycle, when RSI tends to drop despite higher price. This divergence preceded a correction of 61% to its 200-week EMA (the blue wave) and below.
A similar structure is now visible, with a divergence forming just below $ 112,000 and a target of withdrawal projected near the EMA from 200 weeks to around $ 64,000, marking a potential decrease of 52%.
This historical configuration casts a doubt on Bitcoin reaching the largely discussed target of $ 150,000 by the end of 2025, especially if the divergence confirms a wider market high in the previous cycles.
The veteran merchant Peter Brandt adds more weight to this perspective.
In his May 2025 analysis, Brandt identified A growing corner model and warned that Bitcoin had to recover its parabolic trend line to stay on the right track for a cycle of $ 125,000 to $ 150,000 in August or September 2025.
He notes that not doing it could mark the end of the current bullish cycle – potentially triggering a typical draw of 50 to 60% after previous heights.
Gold trajectory, Bitcoin “Bull Flag” indicates $ 150,000
Despite growing technical warnings, some analysts remain confident in Bitcoin path to $ 150,000.
Traders see similarities between the structure of the current Bitcoin market and the explosive escape of Gold in the 2000s. They maintain that BTC could imitate the historic trajectory of GoldReinforcing the scenario of $ 150,000.
Tony Severino analyst cite A potential structure of the bull flag to predict a BTC prices boom to $ 150,000.
From the point of view of Onchain, the researcher of Bitcoin Axel Adler Jr. thinks that BTC approaches a critical “start” “start” rally area based on historical cycle models.
If the NUPL / MVRV ratio breaks and holds above 1.0, this would indicate the start of a new bullish impulse, notes the analyst, saying that he could push the price of Bitcoin to the range of $ 150,000 to $ 175,000, similar to the rallies observed in 2017 and 2021.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.