Bitcoin Gold / Dollar may rise to 24.28 - 24.64

Our pivot point stands at 22.68.

Our preference

Look for a drop towards 22.68 before a bounce.

Alternative scenario

Below 22.68, expect 22.08 and 21.72.

Comment

The RSI is above its neutrality area at 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 above its 20 and 50 period moving average (respectively at 22.53 and 22.89).

Supports and resistances

25.37 **

25.01 *

24.64 **

24.28

23.15 last

22.91

22.68 **

22.08 *

21.72 **

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