Bitcoin Gold / Dollar may rise to 24.16 - 24.49

Our pivot point stands at 23.00.

Our preference

Look for a drop towards 23 before a bounce.

Alternative scenario

The downside breakout of 23 would call for 22.44 and 22.11.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.83 and 21.75).

Supports and resistances

25.16 **

24.82 *

24.49 **

24.16

23.45 last

23.22

23.00 **

22.44 *

22.11 **

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