Bitcoin Gold / Dollar may rise to 24.73 - 25.18

Our pivot point stands at 22.81.

Our preference

Rebound towards 25.18.

Alternative scenario

The downside breakout of 22.81 would call for 22.08 and 21.64.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23.81 and 25.24).

Supports and resistances

26.07 **

25.62 *

25.18 **

24.73

23.61 last

23.10

22.81 **

22.08 *

21.64 **

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