Price Analysis

Bitcoin Gold (BTG) Price Analysis: BTG Price Shoots Up Despite a Few Plunges

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  • Bitcoin Gold is surging high
  • BTG is currently trading at 24.70 USD
  • It has cleared resistance level at 13 USD on 2nd April

BTG price has been increasing since April this year. In January 2019, BTG price was standing at 12.98 USD and it further dropped as low as 9.36 USD on 7th February, after breaking support at 11.27 USD. Post 7th Feb, BTG price started recovering soon and it reached a price point of 12.56 USD on 18th Feb.

Current Statistics:

At 09:51:21 UTC, Bitcoin gold was trading at 24.70 USD. BTG holds 431,359,439 USD as its Market capitalization, while its 24 Hour Volume is 29,698,041 USD.

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Bitcoin Gold Chart

BTG had to face a resistance zone from 18th Feb to 1st April, as the price struggled to break through the 13.80 USD mark. During the phase, the BTG price kept hovering between 12 USD to 13 USD. Though it crossed 14 USD price point on 2nd April, and after that, the price has shown a steady upward trend. Since January this year, BTG price has shown an increase of 90.83%. It seems that the RSI of BTG price trend is moving towards the level of 70 though currently, it stands at 65.24 level.

Prediction:

Bitcoin Gold seems quite promising in order to gain higher returns in the long term. Looking at its current bull run, it is likely to break 25 USD mark soon in the short term.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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