Bitcoin Gold / Dollar may fall to 23.25 - 23.71

Our pivot point is at 25.59.

Our preference

Target 23.25.

Alternative scenario

Above 25.59, look for 26.37 and 26.84.

Comment

The RSI is below its neutrality area at 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 (24.95) but above its 50 period moving average (24.75).

Supports and resistances

26.84 **

26.37 *

25.59 **

25.28

24.81 last

23.71

23.25 **

22.79 *

22.33 **

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