Bitcoin Gold / Dollar may fall to 24.93 - 25.42

Our pivot point stands at 27.15.

Our preference

Target 24.93.

Alternative scenario

The upside breakout of 27.15, would call for 27.98 and 28.48.

Comment

The RSI is below its neutrality area at 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 (26.86) but above its 50 period moving average (26.17).

Supports and resistances

28.48 **

27.98 *

27.15 **

26.83

26.42 last

25.42

24.93 **

24.44 *

23.94 **

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