Bitcoin Gold / Dollar may rise to 33.54 - 34.14

Our pivot point stands at 31.00.

Our preference

Look for a drop towards 31 before a bounce.

Alternative scenario

The downside breakout of 31 would call for 30 and 29.41.

Comment

The RSI is above 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 trading above both its 20 and 50 period moving average (respectively at 32.30 and 32.19).

Supports and resistances

35.35 **

34.75 *

34.14 **

33.54

32.31 last

31.39

31.00 **

30.00 *

29.41 **

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