Cryptocurrency

Bitcoin Gold / Dollar may rise to 38.71 - 39.41

2024-05-25

35.73 is our pivot point.

Our preference

The upside prevails as long as 35.73 is support.

Alternative scenario

Below 35.73, expect 34.58 and 33.89.

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 35.53 and 35.73).

Supports and resistances

40.80 **

40.11 *

39.41 **

38.71

36.85 last

36.18

35.73 **

34.58 *

33.89 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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