Bitcoin Gold / Dollar may fall to 14.29 - 16.46

Our pivot point stands at 25.49.

Our preference

The downside prevails as long as 25.49 is resistance.

Alternative scenario

The upside breakout of 25.49, would call for 29.42 and 31.75.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 22.66 and 21.95).

Supports and resistances

31.75 **

29.42 *

25.49 **

23.94

21.81 last

16.46

14.29 **

12.11 *

9.94 **

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