fbpx
Price Analysis

Bitcoin Gold Price Analysis: BTG Price Recovery Begins, Expected To Touch $40.00 Soon

Smarter_way_USA

Bitcoin Gold (BTG) is back with the bulls and riding high on the charts. Marketers are expecting that the profits will soon be marked with the investments in BTG.

The investors are gazing at the charts as the coin is expected to give positive results on the investments. It was recently reported that the U.S.- China Trade War has pushed the investors towards the crypto market. The investors are aware of the volatility of the market, hence are interested in a Gold based investment like Bitcoin Gold (BTG). The same will bring huge traffic for the currency, and the existing investors could be drawing profits because of the same.

Today, the coin opened at $26.74 and is showing a bullish trend on the chart.

Current Statistics of Bitcoin Gold (BTG):

  • As on 08th June 2019, at 04:13 UTC, the Bitcoin Gold (BTG) is at USD 26.31 and 0.00330707 BTC.
  • The ROI stands negative 96.46%.
  • The coin is at the 24th position on the crypto market.
  • The 24hr volume is marked as USD 32,364,102.
  • The Market Cap is USD 465,923,235.

Bitcoin Gold Price Chart - 8 June

As per the 5-day chart, taken from Trading View, at 03:41 UTC, the coin fell tremendously. However, recovery is marked from 5th June till now. Although, the coin dropped by 13%, as BTG was $30.28 on 3rd June 2019, and now it is $26.31, but within the same span of time it also touched $27 twice.

Bitcoin Gold Price Chart - 8 June

Bitcoin Gold (BTG) price comparison:

The YTD chart of BTG is reflecting price surge. On 1st January 2019, Bitcoin Gold (BTG) was dealing at $13.60, and now it is at $26.31, the coin progressed by 93.45%, which is commendable.

If we talk about the price recovery, amidst 15th May and 19th May 2019 the price suffered from a drop of around 17%, as it dropped from $24.63 to $20.61, but soon recovered and touched a high at $29.12. The latest price drop was from $29.12 to $25.30, which reflects an average drop of 12%.

The former drop is comparatively more than the latter. The data reading points that the former price drop of 17% recovered tremendously in due course of time. Hence, we can expect the same from the latter drop, which was around 13%.

Bitcoin Gold Price Prediction and Conclusion:

Bitcoin Gold (BTG) will soon come out of the price drop and soon be climbing high on the charts as compared to the current momentum. The expected high from Bitcoin Gold (BTG) is $45 for the year 2019. The short term investors can go for the same and draw huge dividends out of it.

Tags

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.
Event Information
Event Information
Back to top button