By the end of the year, is the price of Bitcoin likely to reach $150,000?

Key Points:

• On the weekly chart, the bearish difference in style for 2021 points to a potential correction of over 50% to $64,000.

• Peter Brandt warned Bitcoin must quickly retract its parabolic trend line or it could end the bull cycle before reaching its $150,000 target.

Bitcoin (BTC) gained a record $112,000, sparking hopes to achieve its $150,000 target by year-end, but its rapid correction below $105,000 is testing this bullish narrative.

Does Bitcoin draw a bearish reversal setting?

Bitcoin is painting appears to be a pattern of anti-cup and handles, with its neckline close to $100,800 as current support. As of June 7, the price has entered the handle formation stage, and the eyes are focused on the faults under the neckline.

Depending on the Countdown Cup and Handle Mode settings, failures below $100,800 will increase the likelihood of Bitcoin falling to $91,000.

The downside target of $91,000 is consistent with BTC’s 200-day exponential moving average (200-day EMA; blue wave).

Bitcoin’s Relative Strength Index (RSI) fell simultaneously with its price, indicating the conviction of traders behind the ongoing sell-off.

As of June 7, the RSI reading was 52, reflecting the power of a weaker upward momentum. A breakthrough below 50 may exacerbate downward pressure.

To regain control, the Bulls must recover Bitcoin’s 20-day EMA (Purple Wave) resistance within around $105,000. A drop to $91,000 can effectively reduce the potential of BTC to $150,000 by the end of 2025.

2021 Fractals Show BTC Will Not Become $150,000 in 2025

On a broader schedule, Bitcoin’s weekly chart is flashing familiar warnings.

There has been a bearish difference between the price and RSI, reflecting the top of the 2021 cycle, although RSI lowers the price highs. This difference is corrected for its 200-week EMA (blue wave) and below 61% correction.

A similar structure can now be seen, with a difference slightly below the height of $112,000, and the expected callback target is around 200-week EMA, at around $64,000, marking a potential 52% drop.

This historic setting doubts that Bitcoin has reached its $150,000 target by the end of 2025, especially if the difference confirms that the broader market is similar to past cycles.

Experienced businessman Peter Brandt adds weight to this prospect.

Brandt identified a pattern of the wedge pattern rising in his May 2025 analysis and warned Bitcoin that it must retract its parabolic trend line to take the bike cycle of $125,000 to $150,000 for August or September 2025.

He noted that not doing so could mark the end of the current bullish cycle – after the previous top, a typical 50-60% sewer would trigger a typical 50-60% shrinkage.

Gold’s Trajectory, Bitcoin’s “Bull Flag” prompts $150,000

Despite the growing technical warnings, some analysts are still confident in Bitcoin’s path to $150,000.

Traders see similarities between Bitcoin’s current market structure and the explosive breakthrough of Gold in the 2000s. They believe BTC can mimic Gold’s historical track, strengthening the $150,000 situation.

Analyst Tony Severino cites a potential bull flag structure to predict the price boom of BTC to $150,000.

From Onchain’s perspective, Bitcoin researcher Axel Adler Jr. believes that BTC is approaching a critical “start” rally zone based on historical cycle patterns.

Analysts point out that if the NUPL/MVRV ratio breaks down and stays above 1.0, it indicates the beginning of a new bullish impulse, saying that this could push Bitcoin’s price to the $150,000 range, similar to the 2017 and 2021 rally.

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.