Bitcoin Gold / Dollar may rise to 35.24 - 35.87

Our pivot point stands at 33.00.

Our preference

Rebound.

Alternative scenario

The downside breakout of 33 would call for 31.93 and 31.30.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (33.68) but under its 50 period moving average (34.06).

Supports and resistances

37.14 **

36.51 *

35.87 **

35.24

33.90 last

33.41

33.00 **

31.93 *

31.30 **

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