Bitcoin Gold / Dollar may rise to 22.68 - 23.00

Our pivot point stands at 20.71.

Our preference

Rebound towards 23.00.

Alternative scenario

The downside breakout of 20.71 would call for 20.19 and 19.88.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (21.70) but under its 50 period moving average (22.17).

Supports and resistances

23.65 **

23.33 *

23.00 **

22.68

21.93 last

20.91

20.71 **

20.19 *

19.88 **

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