Bitcoin Eyes $90K as a Rare Bullish Signal From the FTX Crash Era Reappears — Here's What That Means
65d ago · 1 source
Bitcoin is showing a bullish divergence pattern that was last seen during the FTX collapse era, a signal that previously preceded major price rallies. Analysts are now watching the $90,000 level as a near-term target. The technical indicator suggests that selling pressure may be weakening despite recent price action, potentially setting the stage for a significant move upward.
WHY IT MATTERS
Think of a bullish divergence like a spring being compressed — the price looks like it's getting weaker, but under the surface, the momentum is actually building for a bounce. It's like a runner slowing down not because they're tired, but because they're crouching to sprint. The last time Bitcoin showed this exact pattern was during the FTX exchange collapse in 2022, when prices were at rock bottom — and what followed was one of the biggest rallies in crypto history. If history rhymes, this could signal another major move upward. For newcomers, this is a reminder that technical patterns can offer clues about where prices might head, but they're never guarantees — always consider the bigger picture before making decisions.
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