Price Analysis

Bitcoin Gold (BTG) Price Analysis: Bitcoin Gold is Likely To See a Bullish Short-term Price Rally

  • Bitcoin Gold (BTG) gave a shock to the short-term intra-day investors when it fell by 8%.
  • The 2019 bullish trend predicts the coin at $36.

Bitcoin Gold (BTG), a relatively new coin, has been able to gather much attention in the market. The users’ base of this coin is increasing at a rate never seen. But the recent fall in the last 24 hours has made many investors nervous about its future. The intra-day traders who were banking upon Bitcoin Gold (BTG) have suffered a loss of almost 8%. Apart from this intra-day fall, the coin seems to have been growing at a stable pace. By the end of 2019, the coin should be there at 36 USD. We should analyze the current figures to understand its future course clearly.

Current BTG Price Statistics-

Bitcoin Gold

  • Bitcoin Gold (BTG) is the 26th largest coin in the market.
  • The ROI of BTG stands at negative 95%.
  • A total of 17,513,924 BTG coins are in current circulation.
  • The market cap as on 24th May at 01:39 UTC stands at 417,660,139 USD.
  • The value of each coin stands at 23.48 USD and 0.00302074 BTC.
  • The 24h volume stands at 24,119,585 USD.

BTG Price Comparison-

Bitcoin Gold (BTG) has been showing steady and stable growth since the starting of the year 2019. The lowest point of the coin was on 07th February at 9.35 USD. At the onset of April, the coin gained hugely. In just 8 days, BTG gained 47.20%.  This push helped the coin to get the $20 status. The highest point of the coin was achieved on 15th May at 24.64 USD. The market cap on 24th April was 278,302,706 USD. And the value of each coin was 15.49 USD. The current market cap and the value of BTG coin in USD are 50.07% and 51.58% more than the figures for last month. In the 1-day chart, a fall of almost 8% can be seen.

BTG Price Prediction-

The coin will have a bullish run in the short term. The next resistance point is 25 USD. We predict the coin to reach at least 36 USD by the end of 2019. The 2020 prediction figure goes around 100 USD. It should be noted that the growth of BTG may have a few steep ups and downs.

Conclusion-

This is the perfect time to buy fresh coins. The long-term and medium-term holding may give huge dividends.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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