Bitcoin Gold / Dollar may fall to 22.99 - 23.44

Our pivot point stands at 25.45.

Our preference

The downside prevails as long as 25.45 is resistance.

Alternative scenario

The upside breakout of 25.45, would call for 26.23 and 26.70.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 25.98 and 25.82).

Supports and resistances

26.70 **

26.23 *

25.45 **

25.15

24.59 last

23.44

22.99 **

22.53 *

22.08 **

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