Bitcoin Gold / Dollar may rise to 25.56 - 26.02

Our pivot point stands at 23.64.

Our preference

As long as 23.64 is support look for 26.02.

Alternative scenario

The downside breakout of 23.64 would call for 22.88 and 22.43.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 24.51 and 24.28).

Supports and resistances

26.94 **

26.48 *

26.02 **

25.56

24.54 last

23.94

23.64 **

22.88 *

22.43 **

Number of asterisks represents the strength of support and resistance levels.