Bitcoin Gold / Dollar may fall to 24.47 - 24.95

Our pivot point stands at 26.56.

Our preference

Technical rebound towards 26.56 before a new drop.

Alternative scenario

The upside breakout of 26.56, would call for 27.37 and 27.86.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (25.04) but below its 50 period moving average (26.08).

Supports and resistances

27.86 **

27.37 *

26.56 **

26.24

25.92 last

24.95

24.47 **

23.98 *

23.50 **

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