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- 1 Bitcoin Gold price is trading above the key moving averages indicating bullishness on the daily chart.
- 2 BTG price has shown a robust performance in previous months.
- 3 Bitcoin Gold price prediction demonstrates the bounce back of the price from the dynamic support levels.
Bitcoin Gold (BTG) price forecast demonstrates a bullish phase on the daily technical chart. The price is currently trading above the key moving averages, showing bullishness on the daily charts.
Bitcoin Gold is in a long-term uptrend, as the BTG token maintains its gains in the bullish territory and shrugs off the resistance. The bears are still trying to push the price down with short positions and trigger a correction in the token.
Bitcoin Gold showed strength and maintained gains above the resistance. Bulls are buying the token and preparing to breach higher levels in the upcoming sessions.
The chart pattern indicates the bulls’ dominance and projects an optimistic scenario on the charts. BTG token’s price is targeting a breakout above the $30 mark and investors and traders should pay attention to it.
The price movement reveals a solid chart structure with bulls’ influence, and long accumulation activity was observed in the previous trading sessions. Moreover, sellers were now becoming wary due to the sharp rally that caught sellers off guard in the past months. However, they are still attempting to drag the price down.
Technical Analysis of Bitcoin Gold Crypto Price in 1-D Timeframe
Bitcoin Gold (USD: BTG) has steadily seen its crypto price rise for the past three months, gaining 48.49% and 8.71% in the last month. Presently, BTG crypto has been trying hard to hold on to this threshold after a good performance.
Presently, Bitcoin Gold crypto (USD: BTG) is trading above the 50 and 200-Day EMAs (Exponential moving averages), which are elevating the price momentum.
The MACD line at 0.722 and the signal line at 0.650 are above the zero line. A bullish crossover is observed in the MACD indicator, which signals strength in the momentum of the BTG crypto price. The current value of RSI is at 54.40 points. The 14 SMA is above the median line at 57.85 points, which indicates that the Bitcoin Gold crypto is neutral.
Summary
The Bitcoin Gold crypto price showing a bullish momentum on the daily chart. It is currently
taking trading above the key moving averages, showing buyers’ presence in the price. The key indicators like MACD, RSI, and EMAs are showing mild weakness in the price. However, price action suggests that the price is bullish in the long term and a bounce back may occur from the lower levels.
Technical Levels
Support Levels: $22.163 and $20.221.
Resistance Levels: $26.238 and $29.483.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions
Saurav Bhattacharjee is in charge of the Broadcast development team of The Coin Republic.
He has been covering the Metaverse and NFT niche for the past 2 years.
With stellar interviews on his portfolio like Nicehash, Paxful, WallstreetWolvesNFT, Bitholla, Totemfi, EOS.io etc. Saurav has spearheaded the NFT SUPERSTARS AWARD and successfully hosted the first award in 2021.