Bitcoin Gold / Dollar may rise to 21.92 - 22.24

Our pivot point stands at 20.85.

Our preference

Our next up target stands at 22.24.

Alternative scenario

The downside breakout of 20.85 would call for 20.31 and 19.99.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20.96 and 21.09).

Supports and resistances

22.88 **

22.56 *

22.24 **

21.92

21.27 last

21.06

20.85 **

20.31 *

19.99 **

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