Bitcoin Gold / Dollar may fall to 14.34 - 16.60

Our pivot point stands at 25.27.

Our preference

The downside prevails as long as 25.27 is resistance.

Alternative scenario

Above 25.27, look for 29.25 and 31.62.

Comment

The RSI is below 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 23.18 and 23.69).

Supports and resistances

31.62 **

29.25 *

25.27 **

23.70

21.57 last

16.60

14.34 **

12.08 *

9.82 **

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