Bitcoin Gold / Dollar may fall to 23.87 - 24.35

26.56 is our pivot point.

Our preference

Under pressure below 26.56.

Alternative scenario

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

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 25.80 and 25.75).

Supports and resistances

27.86 **

27.37 *

26.56 **

26.24

25.54 last

24.35

23.87 **

23.40 *

22.93 **

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