Install fails when using React Native nightly builds

[brunolemos]

Environment

Expand

System:
    OS: macOS 11.0.1
    CPU: (4) x64 Intel(R) Core(TM) i5-6267U CPU @ 2.90GHz
    Memory: 717.03 MB / 16.00 GB
    Shell: 5.8 - /bin/zsh
  Binaries:
    Node: 15.2.1 - /usr/local/bin/node
    Yarn: 1.22.10 - /usr/local/bin/yarn
    npm: 7.0.8 - /usr/local/bin/npm
    Watchman: 4.9.0 - /usr/local/bin/watchman
  Managers:
    CocoaPods: 1.10.0 - /Users/brunolemos/.rbenv/shims/pod
  SDKs:
    iOS SDK:
      Platforms: iOS 14.2, DriverKit 20.0, macOS 11.0, tvOS 14.2, watchOS 7.1
    Android SDK:
      API Levels: 28
      Build Tools: 28.0.3
      Android NDK: Not Found
  IDEs:
    Android Studio: 4.1 AI-201.8743.12.41.6858069
    Xcode: 12.2/12B45b - /usr/bin/xcodebuild
  Languages:
    Java: 1.8.0_202 - /usr/bin/javac
    Python: 2.7.17 - /usr/local/bin/python
  npmPackages:
    @react-native-community/cli: Not Found
    react: Not Found
    react-native: Not Found
    react-native-macos: Not Found
  npmGlobalPackages:
    *react-native*: Not Found

Note: npm 7. Not using yarn because I want to try the workspaces feature from npm instead.
yarn doesn't care much if the peer dependency was not found, but npm 7 is failing the whole install command

Description

npm WARN ERESOLVE overriding peer dependency
npm WARN Found: react-native@undefined
npm WARN node_modules/react-native/node_modules/react-native
npm WARN 
npm WARN Could not resolve dependency:
npm WARN peer react-native@">=0.64.0-rc.0" from @react-native-community/cli@5.0.1-alpha.0
npm WARN node_modules/react-native/node_modules/@react-native-community/cli
npm WARN   @react-native-community/cli@"^5.0.1-alpha.0" from react-native@0.0.0-00e623ddb
npm WARN   node_modules/react-native
npm ERR! code ETARGET
npm ERR! notarget No matching version found for react-native@>=0.64.0-rc.0.
npm ERR! notarget In most cases you or one of your dependencies are requesting
npm ERR! notarget a package version that doesn't exist.

Reproducible Demo

npx react-native init mobile --version 0.0.0-00e623ddb
cd mobile
npm install

[brunolemos]

Workaround: npm install --legacy-peer-deps

[brunolemos]

I give up npm 7 and nightly builds for now, each time a different error. Went back to yarn and stable build.