Bitcoin Gold / Dollar may rise to 26.78 - 27.27

Our pivot point stands at 24.77.

Our preference

As long as 24.77 is support look for 27.27.

Alternative scenario

The downside breakout of 24.77 would call for 23.98 and 23.50.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (25.54) but above its 50 period moving average (24.61).

Supports and resistances

28.23 **

27.75 *

27.27 **

26.78

25.49 last

25.09

24.77 **

23.98 *

23.50 **

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