Recent volatility has brought Bitcoin’s future into question after a historic high of $112,000, followed by a drop below the $105,000 mark. The potential for Bitcoin to hit the $150,000 target by year-end remains uncertain. Technical analysis reveals bearish divergence in the weekly RSI chart, echoing patterns seen at the peak of the 2021 bull market, hinting at a correction exceeding 50%, potentially reaching around $64,000. Veteran trader Peter Brandt warns that Bitcoin must return to its parabolic trend line to avoid ending the current bull cycle. However, some analysts remain optimistic, suggesting the on-chain indicators NUPL/MVRV ratio surpassing 1.0 could propel prices towards a range of $150,000 to $175,000. Currently, Bitcoin is seeking direction near the $105,000 level.