Bitcoin Gold / Dollar may fall to 29.89 - 30.48

Our pivot point stands at 33.05.

Our preference

The downside prevails as long as 33.05 is resistance.

Alternative scenario

Above 33.05, look for 34.06 and 34.66.

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 32.25 and 32.23).

Supports and resistances

34.66 **

34.06 *

33.05 **

32.65

32.00 last

30.48

29.89 **

29.29 *

28.70 **

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