Golden Finance reported that, according to Cointelegraph, analysis shows that the Bitcoin weekly chart is exhibiting a bearish divergence similar to that of 2021, which could trigger a pullback of over 50% to $64,000. The technical pattern also indicates that breaking below key support could dip to $91,000. Although some analysts remain optimistic about a $150,000 target, it is necessary to break through the on-chain key indicators NUPL/MVRV1.0 to confirm a new round of pump.
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Golden Finance reported that, according to Cointelegraph, analysis shows that the Bitcoin weekly chart is exhibiting a bearish divergence similar to that of 2021, which could trigger a pullback of over 50% to $64,000. The technical pattern also indicates that breaking below key support could dip to $91,000. Although some analysts remain optimistic about a $150,000 target, it is necessary to break through the on-chain key indicators NUPL/MVRV1.0 to confirm a new round of pump.