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Price Analysis

Price Analysis for Bitcoin Gold (BTG): How Long Will Bullish Trend Last?

  • Bitcoins touches a high of 25.25 USD.
  • Bullish trend increases the expectation among the investors.

Bitcoin Gold (BTG) is not one of the pioneers of the cryptocurrency market but has managed to attract the attention of the investors. Yesterday, the intraday investors suffered a loss due to the regression in the coin by 8%. However, today, the coin shows some different colors.

BTG was marked starting at 24.06 USD during the beginning of the day. Within, a few hours, the market jumped two times and touched the high of 24.5 USD. The bullish trends continue in the market today with steep ups and downs.

The investors seem satisfied with the stable movement of the BTG coin. In the last five days, the coin twice touched the high of 25 USD and has never fallen below 20 USD.

Let’s study the charts to understand the movement of BTG in the coming months.

Current Statistics of Bitcoin Gold:

BTG Chart

Particulars Statistics
Rank25
Price24.57 USD
ROI-94.88%
Circulating Supply17,513,924 BTG
Market Cap430,293,403 USD
24 hr Volume23,917,025 USD

The price analysis chart is taken from Team View on 25th May 2019 at 11:00:52 UTC time.

The BTG chart is showing the upward movement of Bitcoin Gold. The month of May has shown some drastic improvement in the coin in the cryptocurrency market. The coin touched its all-time high of 25.43 USD.

Despite being slightly volatile, the BTG coins haven’t fallen below 20 USD since 10th May 2019. The highest fall was noted between 16th and 17th May, which was almost 18%.

BTG Price Comparison:

The bullish trend of BTG seems to be continuing in the coming months. At the beginning of this year, Bitcoin Gold (BTG) was at 12.65 USD. However, the coin is presently dealing at 24.48 USD meaning the BTG coins have doubled their initial price.

As compared to last month’s price on 30th April 2019, which was 15.71 USD, and the price on 25th May 2019, at 11:13:19 UTC time, 24.48 USD, there is an upward trend in the coin by 55%.

BTG Price Prediction:

The coin experiences the resistance at 25 USD. In continuation of the bullish trend, the coin can hit a high of 36USD by end of 2019. The 2020 price prediction says the coin will end up around 100 USD. Along with the good news, we also expect that Bitcoin Gold can experience some hiccups by the end of 2019.

Conclusion:

We would recommend the investors to purchase fresh coins as the market is expected to rise high in the coming months. People with a mid-term investment strategy can also go for Bitcoin Gold (BTG).

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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