Bitcoin is currently displaying a rare technical signal known as a bullish divergence in its weekly Relative Strength Index (RSI), which has only appeared once before in its trading history. This divergence occurs as Bitcoin's price continues to make lower lows while the RSI rises from oversold conditions. The last time this signal appeared was after the FTX crash in November 2022, leading to a dramatic 755% price increase from around $15,500 to nearly $126,200. Currently, Bitcoin is trading near its 200-week simple moving average (SMA) of approximately $62,000, a level that has historically marked the end of bear markets. Analyst Michael van de Poppe highlights that for a bullish confirmation, Bitcoin must break above the $64,000 to $65,000 range, with potential upside targets reaching $90,000 and beyond. However, there is also a bear flag pattern suggesting a possible decline to below $50,000, indicating a complex market environment where investors must weigh the bullish potential against significant risks.