Bitcoin Gold / Dollar may fall to 24.01 - 24.48

Our pivot point stands at 26.35.

Our preference

The downside prevails as long as 26.35 is resistance.

Alternative scenario

The upside breakout of 26.35, would call for 27.16 and 27.64.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 25.86 and 26.11). Finally, the Bitcoin Gold / Dollar is trading below its lower Bollinger band (standing at 25.51).

Supports and resistances

27.64 **

27.16 *

26.35 **

26.04

25.50 last

24.48

24.01 **

23.53 *

23.06 **

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