Bitcoin Gold / Dollar may fall to 23.89 - 24.36

26.00 is our pivot point.

Our preference

Target 23.89.

Alternative scenario

Above 26, look for 26.79 and 27.27.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (25.51) but above its 50 period moving average (25.08).

Supports and resistances

27.27 **

26.79 *

26.00 **

25.68

25.32 last

24.36

23.89 **

23.42 *

22.95 **

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