Bitcoin Gold / Dollar may fall to 31.20 - 31.82

Our pivot point is at 34.56.

Our preference

Under pressure below 34.56.

Alternative scenario

The upside breakout of 34.56, would call for 35.62 and 36.25.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 33.21 and 33.17).

Supports and resistances

36.25 **

35.62 *

34.56 **

34.15

33.05 last

31.82

31.20 **

30.58 *

29.96 **

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