Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again

Written by Yashu Golastaff writerReviewed by Allen Scottstaff editorWritten by Yashu Golastaff writerReviewed by Allen Scottstaff editorBitcoin price eyes $90K as FTX-era BTC bullish divergence flashes againMarketsPublishedJun 8, 2026Bitcoin flashes only its second weekly bullish divergence on record, a signal that previously preceded a 755% BTC price rally.Bitcoin (BTC) is showing a rare divergence between its falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom. Key takeaways:Bitcoin's second weekly bullish divergence on record is hinting at a rally toward $90,000.The cryptocurrency is also holding near its 200-week SMA, a level that has historically acted as a bottom zone during the 2015, 2018 and 2020 bear markets.Bitcoin’s last bullish divergence preceded a 755% rallyAs of Monday, BTC's weekly relative strength index (RSI) was over 34, almost two weeks after slipping under the oversold threshold of 30. In the same period, the price dropped to around $63,000 from $75,770. BTC/USD weekly chart. Source: TradingViewBitcoin is still falling to lower price levels, confirming that sellers remain active. However, its RSI is no longer dropping alongside price. Instead, the momentum indicator has rebounded from oversold territory and is now forming a higher low.In technical analysis, this is known as a bullish divergence. It occurs when the price continues to weaken, but the underlying momentum starts improving. The setup often suggests that selling pressure is losing strength before price confirms a rebound.A confirmed divergence this week would mark only the second such signal on Bitcoin’s weekly chart. The first followed the FTX crash in November 2022, preceding a 715% rally from around $15,500 to a record high near $126,200.BTC/USD weekly chart. Source: TradingViewThat historical precedent puts Bitcoin’s nearby upside levels back in focus. The first major target is the 50-week simple moving average (50-week SMA, red line)…

Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again

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