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via Cointelegraph · By Cointelegraph Staff
Bitcoin Price May Hit $90K as FTX-Era Bullish BTC Signal Flashes Again
BTC
BTC/USDT
$84,065.08
+0.08%
$84,065.08
+0.08%
(24s)24h Volume
$15,410,373,305.53
24h H/L
$85,255.00 / $83,183.00
Change: $2,072.00 (2.49%)
Long/Short
58.4%
Long: 58.4%Short: 41.6%
Funding Rate
+0.0009%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(02:30 PM UTC)
1 min read
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…
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