Bitcoin shows rare weekly bullish divergence as crypto fear hits 13 and traders watch $90K and downside risks below $50K

Bitcoin is showing a rare bullish divergence on the weekly chart, where price continues to trend lower while momentum indicators begin to strengthen. This setup is similar to the conditions seen around the FTX collapse bottom, a period that preceded a major market recovery. If the pattern plays out again, Bitcoin could rally toward key resistance levels, including the 50-week Simple Moving Average (SMA) near $91,755 and the broader $90,000 price zone.

However, the market remains at a critical crossroads. Despite the improving momentum signals, Bitcoin is also breaking down from a weekly bear flag formation, a pattern that is typically considered bearish. If major support levels fail to hold, selling pressure could intensify and push BTC below the $50,000 mark. As a result, traders are closely watching whether the bullish divergence can outweigh the bearish technical structure in the weeks ahead.

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