Analysis: Bitcoin may fall back to $64,000, but it is doubtful that it will hit $150,000 this year

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ChainCatcher
9 hours ago
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According to ChainCatcher, with a report from Cointelegraph, analysis shows that Bitcoin's weekly chart exhibits a bearish divergence similar to 2021, which may trigger a pullback of over 50% to $64,000. Technical patterns also suggest that breaking through key support could lead to a drop to $91,000.

Although some analysts remain optimistic about the $150,000 target, breaking through on-chain key indicators NUPL/MVRV 1.0 is necessary to confirm a new round of growth.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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