Bitcoin Gold / Dollar may fall to 30.26 - 30.86

Our pivot point stands at 33.38.

Our preference

The downside prevails as long as 33.38 is resistance.

Alternative scenario

The upside breakout of 33.38, would call for 34.41 and 35.01.

Comment

The RSI is below 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 33.24 and 33.19). Finally, the Bitcoin Gold / Dollar is trading below its lower Bollinger band (standing at 32.56).

Supports and resistances

35.01 **

34.41 *

33.38 **

32.98

32.36 last

30.86

30.26 **

29.67 *

29.07 **

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