Price Analysis

Bitcoin Gold Price Analysis: Bitcoin Gold (BTG) hits $26, will the coin recover soon?

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Bitcoin Gold experiences an upsurge on 2nd June 2019, which escalated the hopes amongst the investors. The news about the U.S.-China trade war also directed good results in the currency.

However, the current price drop in the market is poorly affecting Bitcoin Gold. The decline has put the investors in thinking whether BTG would be able to fight the drop or not.

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As per the latest news, HitBTC platform has offered advance tools Bitcoin Gold for trading. It was announced yesterday, but today when the market opened, the price acted unaffected and started walking as per the market trend.

Bitcoin Gold Price Analysis:

Bitcoin Gold price chart - june 4

  • The coin is presently at the 25th rank (at 09:24 UTC) in the market.
  • The price of Bitcoin Gold is 26.147 USD.
  • The ROI stands negative 94.51%.
  • The market cap is marked around 461,171,269 USD.
  • The 24hr volume is noted as 33,619,265 USD.

The chart is taken from Trading View on 4th June 2019 at 09:24 UTC is reflecting a bearish trend in the coin. In May 2019, it was observed that Bitcoin Gold has caught up the bull run. However, it soon came under selling pressure and dropped from $24.5 to $20.7 between 15th to 18th May. The price has again started slipping, and today it is at $26.14.

BTG Coin Price Comparison:

If we compare the price of Bitcoin Gold from the last month’s price, it will reflect a bullish trend as the prices in May 2019 were marked highest. The same growth was verified when we compared the price of Jan 2019 and June 2019.

Bitcoin Gold Price Prediction and Conclusion:

The price graph of Bitcoin Gold is telling us an altogether a different story. According to our reading and the upcoming business ventures of Bitcoin Gold, it can be a result-giving token this year. By the end of 2019, Bitcoin Gold is likely to touch $45; depending on the bearish Tzones observed in one year.

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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