Bitcoin Gold / Dollar may fall to 20.98 - 25.42

Our pivot point stands at 40.16.

Our preference

Under pressure below 40.16.

Alternative scenario

Above 40.16, look for 47.61 and 52.05.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 34.88 and 34.42).

Supports and resistances

52.05 **

47.61 *

40.16 **

37.23

34.29 last

25.42

20.98 **

16.54 *

12.11 **

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