Bitcoin Gold / Dollar may fall to 31.74 - 32.36

34.78 is our pivot point.

Our preference

The downside prevails as long as 34.78 is resistance.

Alternative scenario

Above 34.78, look for 35.84 and 36.48.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 34.29 and 34.42).

Supports and resistances

36.48 **

35.84 *

34.78 **

34.36

33.86 last

32.36

31.74 **

31.11 *

30.48 **

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