Bitcoin Gold / Dollar may rise to 27.22 - 27.71

Our pivot point stands at 25.50.

Our preference

The upside prevails as long as 25.50 is support.

Alternative scenario

Below 25.50, expect 24.68 and 24.19.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.70 and 24.79).

Supports and resistances

28.69 **

28.20 *

27.71 **

27.22

26.18 last

25.82

25.50 **

24.68 *

24.19 **

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