Bitcoin Gold / Dollar may rise to 31.67 - 32.24

29.48 is our pivot point.

Our preference

Rebound towards 32.24.

Alternative scenario

The downside breakout of 29.48 would call for 28.54 and 27.97.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 30.44 and 30.79).

Supports and resistances

33.38 **

32.81 *

32.24 **

31.67

30.41 last

29.86

29.48 **

28.54 *

27.97 **

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