A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target.
Key takeaways:
A 2021-style bearish divergence on the weekly chart points to a potential 50%+ correction toward $64,000.
Peter Brandt warns Bitcoin must reclaim its parabolic trendline soon or risk ending its bull cycle before reaching the $150,000 target.
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Author: Yashu Gola
