Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again
Bitcoin is flashing a rare weekly bullish divergence as it trades near $63,000, with analysts eyeing $90,000 if momentum improves.
Intelligence analysis by GPT-5.4 Mini
BTC is showing its second weekly bullish divergence on record, a setup that previously led to a huge rally after the FTX crash. Analysts say holding the 200-week SMA near $62,000 keeps the door open to $90,000, but a weekly bear flag still points to sub-$50,000 risk.
Bitcoin is like a ball that keeps rolling lower, but the push behind it is getting weaker. That can mean a bounce is coming, like when a hill finally stops getting steeper. Still, if a support step breaks, the ball could roll much farther down.
Analysis
What the signal is
Bitcoin is forming a rare weekly bullish divergence: price has kept making lower lows, while weekly RSI has started to recover and print a higher low after briefly moving below the oversold threshold. The article says this would be only the second weekly bullish divergence ever seen on Bitcoin’s chart.
Why traders care
The last time this pattern appeared was after the FTX collapse in November 2022. The article says that earlier signal came before a roughly 715% rally, from about $15,500 to a record near $126,200. That historical example is why analysts are watching the setup closely now.
Key levels on the chart
Bitcoin is trading near $63,000 while hovering around its 200-week simple moving average, close to $62,000. The article notes that this moving average has marked major bear-market bottoms in 2015, 2018, and 2020. On the upside, the first major target cited is the 50-week SMA near $91,755. Analyst Michael van de Poppe also said bulls need to reclaim the $64,000-$65,000 area for stronger confirmation, after which he sees room toward $71,500-$73,000 and possibly the CME gap near $79,000.
The risk case remains intact
The article does not treat the setup as purely bullish. It says Bitcoin is already in the breakdown phase of a weekly bear flag, which keeps a move toward a measured target below $50,000 in play unless BTC can reclaim the flag’s lower trend line as support. In other words, the divergence improves the upside case, but it does not cancel the bearish pattern already forming.
Key points
- Bitcoin is showing a rare weekly bullish divergence, where price weakens but momentum improves.
- The article says this would be only the second weekly bullish divergence on Bitcoin's record.
- A similar signal after the FTX crash in 2022 preceded a large rally, which is why traders are watching this closely.
- Bitcoin is holding near its 200-week SMA around $62,000, a level the article says marked major cycle lows in past bear markets.
- The bullish case points to $91,755 and higher, but the bearish bear-flag setup still leaves sub-$50,000 in play.
If the divergence holds and BTC reclaims the $64,000-$65,000 zone, the article says traders may look toward $71,500-$73,000, then the CME gap near $79,000. A stronger recovery could bring the 50-week SMA near $91,755 back into focus as the next major target.
The article also says Bitcoin is already breaking down from a weekly bear flag, which keeps downside risk alive. If that pattern completes, BTC could head toward a measured move below $50,000 unless it reclaims the flag's lower trend line as support.
