Bitcoin looks heavy on short- duration specialized maps after it failed to keep earnings above$ early Thursday. The cryptocurrency was trading near$ at press time.
On the map over, the relative strength indicator (RSI) has severed from the rising price sinceOct. 6. The index’s negative divergence suggests a loss of upward instigation and compass for a withdrawal.
The immediate support is seen at$, a position where buyers have constantly stepped in over the once week. A drop below there would allow for a slide to$.
Progress above diurnal highs near$ is demanded to negate RSI’s bearish divergence and open the doors for new record highs above$.