Bitcoin May Hit $90K as FTX‑Era Bullish Signal Flashes Again

Bitcoin is showing a rare split between falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom. The cryptocurrency’s weekly relative strength index has climbed to just over 34 after dipping below the oversold 30, even as price fell to roughly $63,000 from $75,770, suggesting a second weekly bullish divergence on record and pointing toward a move as high as $90,000.

A bullish divergence occurs when momentum improves while price still declines, often signaling that selling pressure is easing before a rebound. The prior weekly divergence after the FTX crash preceded a large rally from about $15,500 to near $126,200, and the first upside target this time is the 50-week simple moving average near $91,755.

Support for the bullish case comes from Bitcoin holding near its 200-week SMA at about $62,000, a level that acted as a bottom zone in the 2015, 2018 and 2020 bear markets.

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