Bitcoin Gold / Dollar may rise to 22.38 - 22.70

21.01 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 21.01 would call for 20.48 and 20.17.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (21.39) but under its 50 period moving average (21.75).

Supports and resistances

23.34 **

23.02 *

22.70 **

22.38

21.62 last

21.22

21.01 **

20.48 *

20.17 **

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