Bitcoin is currently forming an inverse cup-and-handle pattern, with a critical support level at $100,800. If it breaks below this level, Bitcoin might fall to a target of $91,000, aligning with its 200-day exponential moving average. The RSI reading at 52 indicates weakening momentum, and bulls must reclaim the $105,000 level to maintain bullish prospects. Moreover, a bearish divergence on the weekly chart resembles patterns from previous cycles, suggesting a potential decline to $64,000, casting doubt on reaching the $150,000 target by the end of 2025. Analyst Peter Brandt has emphasized the need for Bitcoin to reclaim a parabolic trendline to secure a bull run towards $125,000 to $150,000 by mid-2025. In contrast, some analysts draw parallels to gold’s historic market structure and observe potential bullish indicators, suggesting that a significant rally could still be possible, with potential price targets between $150,000 and $175,000 if certain market conditions are met. Nevertheless, caution is advised amid prevalent technical signals that may indicate a market top.

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