Price Analysis

Bitcoin Gold Price Analysis: Will Bitcoin Gold (BTG) Continue to rise?

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Bitcoin Gold is riding high on the charts of the crypto market. The price of BTG touched its 90 weeks high on 30th May 2019. Soon the selling pressure pulled the price down, but from 1st June 2019, the price of Bitcoin Gold has again started showing recovery.

Gold price is moving upwards due to the US-China trade war. The investors are moving towards more solid investments and are also assumed to be attracted by the crypto market.

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The price of BTG coin has successfully recovered the drop of 31st May and slowing moving to touch $31 again. It won’t be wrong to say that in the coming week or two, the BTG coin will see a 90-week high morning once again.

Current Statistics of Bitcoin Gold:

The chart for price analysis is taken from Trading View on 3rd June 2019, at 11:29 UTC.

bitcoin gold price chart - 03 June

Particulars Statistics
Rank 25
Price $29.07 USD
ROI -93.94%
Circulating Supply 17,513,924 BTG
Market Cap $509,087,240 USD
24 hr Volume $40,524,374 USD

Bitcoin Gold Price Comparison

The 5-day chart is reflecting a reverse S shape. The price surge on 30th May soon got caught in the selling pressure but revived in 24-hour time. Talking about the intraday price movement then, today Bitcoin Gold (BTG) open around $30.3 but around 11:29 UTC it dropped to $28.6 which indicates a fall by 5%. The small drop is expected to get recovered soon.

The entire reading of Bitcoin Gold price is indicating towards the upcoming price surge.

If we compare the price of Bitcoin Gold (BTG) from 08th May till now, it will give us a more precise reading. On 8th May 2019, the price was recorded at $18.86 and now it is $28.62. A clear progression by 51% is marked on the charts.

Bitcoin Gold Price Prediction and Conclusion:

Due to the U.S.-China trade war, the crypto market is likely to benefit the most. Bitcoin Gold is assumed to touch a high of $50 by the end of 2019. It would be a good time for short term investors who have already invested in Bitcoin Gold.

However, long term investors who are looking forward to Bitcoin Gold (BTG) are recommended to hold tight till 2022.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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