Bitcoin Gold / Dollar may rise to 31.05 - 31.61

28.79 is our pivot point.

Our preference

Our next up target stands at 31.61.

Alternative scenario

The downside breakout of 28.79 would call for 27.87 and 27.31.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 28.87 and 29.44).

Supports and resistances

32.72 **

32.17 *

31.61 **

31.05

29.70 last

29.16

28.79 **

27.87 *

27.31 **

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