FX.co ★ Technical analysis of Bitcoin for May 22, 2018

On the 4 hour chart, I've spotted that Bitcoin has a divergence between the RSI (14) and the price. The BUY zone is created at $8,614.10. As long as Bitcoin does not breakout and closes below the $8,105.20 level, 60% of the time this cryptocurrency will breakout and close above the BUY Zone level at $8,614.10. Afterward, the price will continue going upward.

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