Bitcoin Gold / Dollar may rise to 24.70 - 25.14

Our pivot point is at 23.10.

Our preference

Our next up target stands at 25.14.

Alternative scenario

The downside breakout of 23.10 would call for 22.35 and 21.91.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 23.74 and 23.76).

Supports and resistances

26.03 **

25.59 *

25.14 **

24.70

23.78 last

23.39

23.10 **

22.35 *

21.91 **

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