Bitcoin Gold / Dollar may rise to 23.60 - 23.95

Our pivot point is at 22.41.

Our preference

Look for a drop towards 22.41 before a bounce.

Alternative scenario

The downside breakout of 22.41 would call for 21.82 and 21.46.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22.81 and 22.72).

Supports and resistances

24.66 **

24.31 *

23.95 **

23.60

22.89 last

22.65

22.41 **

21.82 *

21.46 **

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