Analysis of the Bitcoin Gold (BTG) price indicates a positive trend on daily charts. Currently, it is trading above crucial averages, signaling bullish momentum.
Bitcoin Gold is in a long-term uptrend, with the BTG token maintaining its positions in favor of bulls despite bearish attempts to manipulate it through short sales to trigger a correction.
The strength of Bitcoin Gold is evident as it sustains gains above resistance levels. Bulls are actively buying the token and aiming for higher price levels in the coming periods.
The chart pattern indicates bullish dominance and suggests an optimistic outlook. It is expected that the BTG price will surpass the $30 mark, prompting investors and traders to pay increased attention.
Price movements show a stable structure with bullish influence, with recent periods witnessing intense accumulation. However, sellers are trying to influence the price downward, despite the recent sharp rise that caught them off guard.
Technical Analysis of Bitcoin Gold Price
Over the past three months, Bitcoin Gold (USD: BTG) has shown consistent growth, with a 48.49% gain in the last month and an 8.71% increase. The cryptocurrency is trying to hold at its current price level after a solid performance.
Bitcoin Gold (USD: BTG) is now trading above the 50 and 200-day exponential moving averages (EMA), supporting price dynamics.
The MACD indicator indicates an upward trend with values of 0.722 for the MACD line and 0.650 for the signal line, both above zero, signaling strong price momentum. The Relative Strength Index (RSI) is at 54.40, while the 14-day SMA is above the average at 57.85, indicating a neutral position for Bitcoin Gold.
Summary
The price of Bitcoin Gold shows an upward trend on the daily chart, trading above key averages and with active buyers present. Indicators such as MACD, RSI, and EMA suggest a slight price correction, but the overall price indicates a longer-term bullish trend with potential rebounds from lower price levels.
Technical Levels
· Support levels: $22,163 and $20,221.
· Resistance levels: $26,238 and $29,483.
Notice:
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