Bitcoin Aims for $90K Amid Bullish Divergence Despite Bear Flag Risks
By John Nada·Jun 8, 2026·3 min read
Bitcoin eyes $90K backed by bullish divergence, yet a bear flag warns of possible falls below $50K. Conflicting signals abound.
Bitcoin's price is edging toward $90,000, driven by a bullish divergence, yet the specter of a bear flag looms large. Momentum is rising even as prices fall—a setup reminiscent of the FTX-era bottom, according to Cointelegraph. Historically, such divergences have marked significant turning points, with the last one preceding a 715% surge.
The optimism is underpinned by Bitcoin's proximity to its 200-week simple moving average (SMA), currently hovering around $62,000. This technical level has historically served as a bottom during bear markets, notably in 2015, 2018, and 2020. Analyst Michael van de Poppe describes it as an "ideal area to accumulate," but stresses the need for Bitcoin to break above the $64,000-65,000 range for further confirmation.
Bitcoin's recent price action provides a complex landscape for analysis. Its second weekly bullish divergence on record is currently hinting at a potential rally toward $90,000. The divergence occurs when the price continues to weaken, but the underlying momentum starts improving. This technical setup often suggests that selling pressure is losing strength before the price confirms a rebound. As of Monday, Bitcoin's weekly relative strength index (RSI) was over 34, rising almost two weeks after slipping under the oversold threshold of 30.
The historical precedent of bullish divergences puts Bitcoin's nearby upside levels back in focus. The first major target is the 50-week simple moving average (50-week SMA), near $91,755, which often acts as dynamic resistance during recovery attempts. Van de Poppe highlights the area above $90,000 as the "next resistance zone," aligning with the 50-week SMA target.
Yet, a bear flag pattern suggests downside risks persist. Bitcoin is currently in the breakdown stage of this pattern, indicating potential declines to under $50,000 unless it reclaims the flag's lower trend line as support. A bear flag typically forms when the price rebounds inside a rising parallel channel after a sharp decline, before breaking lower again. Bitcoin has now slipped below that channel, reminiscent of its breakdown from the symmetrical triangle consolidation in 2022.
The measured target of the bear flag pattern underlines the risk of Bitcoin falling toward the $50,000 mark if the pattern plays out. This level would remain a focal point unless Bitcoin reclaims the flag's lower trend line, solidifying support and mitigating further decline.
Despite these conflicting narratives, the weight of historical precedent and technical milestones gives the bullish divergence a potential edge. Previous patterns of this nature have not only hinted at price recoveries but have also ushered in bull markets with substantial gains. However, Bitcoin enthusiasts should remain vigilant; the path to $90,000 won't be without its tests.
In this environment, traders and investors face a challenging landscape. While the bullish divergence points to a possible rally, the bear flag pattern advises caution. Such conflicting signals require close monitoring of key technical levels. The dynamics between the 200-week SMA and the potential breakout above $64,000-65,000 will be pivotal in determining the market's direction.