Bitcoin Gold / Dollar may fall to 23.22 - 23.68

Our pivot point is at 26.03.

Our preference

As long as 26.03 is resistance look for 23.22.

Alternative scenario

The upside breakout of 26.03, would call for 26.82 and 27.30.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above its 20 period moving average (23.56) but under its 50 period moving average (25.05).

Supports and resistances

27.30 **

26.82 *

26.03 **

25.71

24.74 last

23.68

23.22 **

22.76 *

22.30 **

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