Bitcoin Gold / Dollar may rise to 23.49 - 23.91

Our pivot point stands at 21.25.

Our preference

Our next up target stands at 23.91.

Alternative scenario

The downside breakout of 21.25 would call for 20.57 and 20.16.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.04 and 22.13). Finally, the Bitcoin Gold / Dollar has crossed above its upper Bollinger band (22.33).

Supports and resistances

24.75 **

24.33 *

23.91 **

23.49

22.38 last

21.52

21.25 **

20.57 *

20.16 **

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