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Bitcoin’s Parabolic Rally in Danger — Can Bulls Regain Control?
Bitcoin’s recent rally to an all-time high of $112,000 reignited optimism for a year-end target of $150,000, but emerging technical signals suggest a significant pullback may be underway. As of June 7, Bitcoin has corrected below $105,000, challenging bullish momentum and raising questions about the sustainability of the current cycle.
On the weekly chart, a bearish RSI divergence—similar to the pattern observed at the 2021 cycle top—has emerged. Back then, a similar setup preceded a 61% correction, ultimately bottoming near the 200-week EMA, currently around $64,000. This fractal now suggests a potential 52% downside, casting doubt on BTC reaching the $150,000 mark by the end of 2025.
Inverse Cup-and-Handle Pattern Targets $91K
Short-term technicals also highlight a developing inverse cup-and-handle pattern, with the neckline positioned at approximately $100,800. A confirmed breakdown below this level could accelerate losses toward $91,000, aligning with Bitcoin’s 200-day EMA.
Meanwhile, Bitcoin’s Relative Strength Index (RSI) has fallen to 52, reflecting weakening bullish momentum. A further dip below 50 may increase selling pressure, reinforcing the bearish setup.
Peter Brandt Warns of Parabolic Breakdown
Veteran trader Peter Brandt cautions that BTC must reclaim its parabolic trendline to stay on track for a $125,000–$150,000 top by Q3 2025. A failure to do so could mark the end of the current bull cycle and trigger a 50–60% correction, consistent with previous market tops.
Bullish Case Still Alive?
Despite cautionary signals, analysts such as Tony Severino and Axel Adler Jr. remain optimistic. Severino points to a potential bull flag, while Adler highlights on-chain metrics like the NUPL/MVRV ratio, which, if it breaks above 1.0, could spark a renewed bullish phase, possibly pushing BTC toward $175,000.
While technical risks remain, Bitcoin’s fate hinges on critical support levels and upcoming macroeconomic catalysts. As always, investors should monitor developments closely—not financial advice.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
