Bitcoin get bearish RSI divergence, key price support dem dey focus after parabolic trend retest

Bitcoin weekly technical analysis don show one bearish RSI divergence pattern wey be like de 2021 cycle top, wey make pipu dey fear say market go correct well well. Traders don notice am, and Cointelegraph self don highlight am, say dis pattern fit mean say market go fall more than 50%, maybe even reach around $64,000. Technical indicators, like one inverse cup-and-handle wey form, and warnings from veteran analyst Peter Brandt, don show say e important for Bitcoin to go back to im parabolic trendline if e wan make dis bull market continue. If Bitcoin no fit hold dis trend, im chances of reaching $150,000 price target fit reduce, and e fit even fall go major support zones for $100,800 and $91,000. Brandt talk say, based on past cycles, normal 50–60% drawdown fit happen if de parabolic advance lost. On-chain metrics get mixed picture: if NUPL/MVRV ratio stay above 1.0, e fit bring back bullish momentum, wey go push price go back to $150,000 or even $175,000. But, if pipu dey sell too much, if 200-week EMA near $64,000 loss, e fit show say market go weak well well for short term. Crypto traders suppose dey monitor price movements around major support areas well well and dey watch out for any repeats of de bearish RSI divergence, because dem dey usually precede major corrections for market. De overall outlook still no dey certain, with high risk of correction but still get long-term upside potential if bullish signals come back.