Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again
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- Bitcoin forms a weekly bullish divergence with its RSI rising above 34 while price drops to $63,000, a rare technical signal that has only occurred once before in 2022.
- Bitcoin holds near the $62,000 200-week SMA, a historical bottom zone that supported price during the 2015, 2018, and 2020 bear markets.
- Michael van de Poppe identifies $64,000–$65,000 as a key breakout zone, with a move above it opening a path toward $71,500 and potentially $79,000 at the CME gap.
- Bitcoin targets the 50-week SMA near $91,755 if bullish momentum confirms, aligning with Van de Poppe’s resistance zone above $90,000.
Why it matters: Traders watching technical patterns see a narrow window: a break above $65,000 could trigger a surge toward $90K, but failure leaves BTC exposed to the bear flag’s $50,000 downside target.
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