Bitcoin Gold / Dollar may fall to 24.68 - 25.17

Our pivot point stands at 26.82.

Our preference

Target 24.68.

Alternative scenario

The upside breakout of 26.82, would call for 27.64 and 28.12.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (26.47) but above its 50 period moving average (25.63).

Supports and resistances

28.12 **

27.64 *

26.82 **

26.49

26.16 last

25.17

24.68 **

24.20 *

23.71 **

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