Current indicators show a bearish RSI divergence akin to 2021, posing risks of a 50% correction towards 64,000 USD. Peter Brandt stresses that Bitcoin must quickly reclaim its parabolic trendline to avoid slipping further.
The formation of an inverse cup-and-handle pattern may bring BTC down to 91,000 USD. Bulls must safeguard levels above 105,000 USD to retain an optimistic outlook targeting 150,000 USD by the end of 2025.
Despite caution, some analysts suggest Bitcoin could follow a golden trajectory to reach 150,000 USD, drawing parallels with historic trends in gold. A breakout similar to previous cycles could signal a new bullish phase for BTC.
Leave a Reply