Bitcoin Gold / Dollar may rise to 46.84 - 51.65

Our pivot point stands at 30.84.

Our preference

The upside prevails as long as 30.84 is support.

Alternative scenario

The downside breakout of 30.84 would call for 22.75 and 17.94.

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 above its 20 and 50 period moving average (respectively at 33.88 and 35.45).

Supports and resistances

61.28 **

56.47 *

51.65 **

46.84

37.21 last

34.01

30.84 **

22.75 *

17.94 **

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