Bitcoin Gold / Dollar may fall to 19.97 - 20.36

Our pivot point is at 22.05.

Our preference

Technical rebound towards 22.05 before a new drop.

Alternative scenario

The upside breakout of 22.05, would call for 22.73 and 23.13.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (21) but under its 50 period moving average (21.55).

Supports and resistances

23.13 **

22.73 *

22.05 **

21.79

21.41 last

20.36

19.97 **

19.57 *

19.18 **

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