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Bitcoin is currently floating in strictly compressed price The range after repeated breakage failure above USD 110,000 at the beginning of this month. The last few days have been characterized by the leading cryptocurrency trade of around USD 105,000, without any bulls, or Bears take control. Despite general consolidation, a Subtle but significant signal It begins to flash under the surface, especially on a 4-hour table, which can soon send Bitcoin to a novel level of all time.
Return of a uncommon divergence pattern on the 4H Bitcoin chart
LUCA cryptographic analyst (@cryptictrades_) He started to the social media platform x To share a chart that emphasizes crucial technical development in 4-hour Bitcoin times: a return of stubborn discrepancies. This signal, which previously appeared at the beginning of April, was preceded by a massive rally, which catapped Bitcoin to the highest level of May 22 in the amount of USD 111,800. The same discrepancy is repeated again and another Bitcoin price Breakout can be very close.
As shown on the 4-hour time chart at the candlelight below, the discrepancy is clearly illustrated between the price of prices and the relative force indicator (RSI). The price creates lower minima, while RSI prints higher minima. This mismatch serves as an early indicator that the sales rush disappears and the reversal up can occur. The previous case of this pattern preceded direct traffic from the lowest level worth 74,000 USD at the beginning of April to USD 111,000 in just a few weeks.
What does this discrepancy mean for Bitcoin price?
Parisian discrepancies on charts in half time, such as 4-hour, have a reputation of the first reversal signals when they are served by growing volume. In the current case, Bitcoin may mean that a recent withdrawal from $ 111,800 He ran a course. Because RSI is now popular up, even when the price is slightly lower, Bitcoin may witness another hidden storage phase before the next higher leg.
If the pattern is in line with the previous performance in April, the leading cryptocurrency may establish another pursuit of novel high levels of all time. Bitcoin is currently not far from the novel highest all time, because it is only about 5.5% from the top of the price. On this basis, another robust breakthrough can easily aim outside the previous 111,800 USD.
Although the price of Bitcoin is relatively stagnation for now, the presence of this stubborn discrepancy is a reminder of how quickly things can change. The previous stubborn discrepancy ended with a 50%escalate in prices. Similar performance from the current price level Transfer to another target above USD 160,000.
At the time of writing, Bitcoin trades for USD 105,700, which is an escalate of 1.4% in the last 24 hours, already showing signs of a stubborn signal of discrepancies.
A distinguished picture from Getty Images, chart from TradingView.com
