Bitcoin Gold / Dollar may rise to 22.34 - 22.64

Our pivot point stands at 21.12.

Our preference

Look for a drop towards 21.12 before a bounce.

Alternative scenario

The downside breakout of 21.12 would call for 20.60 and 20.30.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 21.20 and 21.17).

Supports and resistances

23.26 **

22.95 *

22.64 **

22.34

21.70 last

21.32

21.12 **

20.60 *

20.30 **

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