Bitcoin Gold / Dollar may fall to 31.59 - 32.21

Our pivot point stands at 35.03.

Our preference

As long as 35.03 is resistance look for 31.59.

Alternative scenario

The upside breakout of 35.03, would call for 36.11 and 36.74.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 33.71 and 33.96).

Supports and resistances

36.74 **

36.11 *

35.03 **

34.61

33.52 last

32.21

31.59 **

30.96 *

30.34 **

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