Bitcoin Gold / Dollar may fall to 19.86 - 24.06

Our pivot point stands at 38.03.

Our preference

The downside prevails as long as 38.03 is resistance.

Alternative scenario

The upside breakout of 38.03, would call for 45.09 and 49.29.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 34.54 and 33.56).

Supports and resistances

49.29 **

45.09 *

38.03 **

35.25

32.48 last

24.06

19.86 **

15.66 *

11.46 **

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