PANews reported on June 7 that according to Cointelegraph, technical analysis shows that the weekly chart of Bitcoin shows a bearish RSI divergence similar to the top of the 2021 cycle, and a correction of more than 50% may occur, falling to $64,000. Trader Peter Brandt warned that Bitcoin must regain its parabolic trend line as soon as possible, otherwise its bull cycle may end before reaching the target price of $150,000.