Analysis: Bitcoin may pull back to $64,000, and the possibility of hitting $150,000 within the year is questionable

ChainCatcher news, 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 a break below key support could lead to a drop to $91,000.

Although some analysts remain optimistic about a $150,000 target, a breakthrough of the on-chain key indicators NUPL/MVRV 1.0 is needed to confirm a new round of upward movement.