Bitcoin Gold / Dollar may rise to 22.73 - 23.14

Our pivot point stands at 20.41.

Our preference

The upside prevails as long as 20.41 is support.

Alternative scenario

The downside breakout of 20.41 would call for 19.76 and 19.37.

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 is trading above both its 20 and 50 period moving average (respectively at 20.79 and 20.32). Finally, the Bitcoin Gold / Dollar is trading above its upper Bollinger band (standing at 21.50).

Supports and resistances

23.96 **

23.55 *

23.14 **

22.73

21.81 last

20.67

20.41 **

19.76 *

19.37 **

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