Analysis: Bitcoin May Retrace to $64,000, Doubts on Reaching $150,000 This Year
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According to Cointelegraph, analysis shows that Bitcoin's weekly chart is exhibiting a bearish divergence similar to 2021, which could trigger a more than 50% pullback to $64,000. The technical pattern also indicates that breaking key support could lead to a decline to $91,000. Although some analysts remain optimistic about the $150,000 target, a breakthrough of the on-chain key indicators NUPL/MVRV1.0 is needed to confirm a new round of increase.
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