Cryptocurrency

Bitcoin Gold / Dollar may rise to 30.45 - 30.99

2024-06-12

28.23 is our pivot point.

Our preference

Rebound towards 30.99.

Alternative scenario

The downside breakout of 28.23 would call for 27.32 and 26.78.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29.43 and 30.13).

Supports and resistances

32.09 **

31.54 *

30.99 **

30.45

29.24 last

28.58

28.23 **

27.32 *

26.78 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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