Bitcoin Gold / Dollar may fall to 29.75 - 30.34

Our pivot point is at 33.26.

Our preference

The downside prevails as long as 33.26 is resistance.

Alternative scenario

The upside breakout of 33.26, would call for 34.28 and 34.88.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.37 and 32.75).

Supports and resistances

34.88 **

34.28 *

33.26 **

32.86

32.05 last

30.34

29.75 **

29.17 *

28.58 **

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