The weekly bullish divergence signal has only appeared once in history, during the bottoming phase after the 2022 FTX collapse, and the subsequent rally was sustained with a significant magnitude. The current signal reappearing suggests that the market may be approaching a similar structural turning point.

Recently, Bitcoin's price has repeatedly tested the $60k level, which is widely regarded as the long-term bull-bear dividing line. Meanwhile, analysts' consensus on key upward targets unusually converges around $93k, which closely aligns with the $91.8k target mentioned in the latest news (50-week moving average).
The most noteworthy detail is that the current market simultaneously exhibits two completely opposite technical structures: "weekly bullish divergence" and "weekly bear flag breakdown," pointing respectively to extreme targets of $90k and $50k. This significant technical disagreement precisely reflects the fierce confrontation between bullish and bearish forces at key moving averages, exposing the fragility of market consensus through conflicting technical indicators.
The final directional choice will determine whether this is a deep squat followed by a jump or a complete trend reversal.
On June 8, Bitcoin's weekly chart showed the second-ever bullish divergence signal in history, sparking market expectations of a new upward rally. Analysts believe that if history repeats, Bitcoin could challenge the region above $90k.
Data shows that Bitcoin's weekly RSI indicator has rebounded above 34 after falling below oversold levels, while the price has dropped from $75.8k to around $63k during the same period. The price continues to make new lows,