Bitcoin Gold / Dollar may rise to 33.92 - 34.53

Our pivot point stands at 31.34.

Our preference

Our next up target stands at 34.53.

Alternative scenario

The downside breakout of 31.34 would call for 30.33 and 29.73.

Comment

The RSI is above 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 both its 20 and 50 period moving average (respectively at 31.19 and 31.78).

Supports and resistances

35.75 **

35.14 *

34.53 **

33.92

32.32 last

31.73

31.34 **

30.33 *

29.73 **

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