Bitcoin Gold / Dollar may fall to 23.23 - 23.69

Our pivot point stands at 25.22.

Our preference

The downside prevails as long as 25.22 is resistance.

Alternative scenario

The upside breakout of 25.22, would call for 25.99 and 26.45.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 25.57 and 25.54). Finally, the Bitcoin Gold / Dollar has penetrated its lower Bollinger band (24.64).

Supports and resistances

26.45 **

25.99 *

25.22 **

24.91

24.61 last

23.69

23.23 **

22.77 *

22.31 **

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