Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again
Bitcoin is showing a rare weekly bullish divergence: price has fallen from about $75,770 to near $63,000 while weekly RSI has rebounded from oversold levels and formed a higher low. A similar signal appeared after the FTX crash in late 2022 and was followed by a massive rally. If confirmed, the pattern points first to resistance near the 50-week SMA around $91,755, with a key near-term hurdle at $64,000–65,000. The setup is happening near the 200-week SMA around $62,000, a zone that has marked major bear-market bottoms in past cycles. Some analysts view this area as a possible accumulation zone, with upside targets around $71,500–79,000 if support holds. At the same time, BTC is also breaking down from a weekly bear flag, so downside risk remains. If that pattern continues, price could target below $50,000 unless Bitcoin reclaims the flag’s lower trend line.
