- BTG token price jumped more than 90% in the past seven days.
- The golden crossover in the daily chart projects a rise in bullishness.
- The token pair of BTG/BTC trades at 0.001524 BTC with an intraday rise of +12.97%.
BTG Token price action successfully makes the second follow-through bullish candlestick in the daily technical chart as the crypto asset jumps more than 90% in the past seven days.
The breakout above the solid resistance of the $70 mark may soon result in a bullish breakthrough with increasing buying pressure.
If the crypto asset sustains the buying pressure, investors could expect a bullish rally around 30% to 50%. However, if the price makes a dramatic decline, investors can expect the same positive percentage to be lost.
The BTG Token price is currently valued at $74.86, with a +13.79% gain in the market cap within the past 24 hours, projecting a rise in underlying bullishness.
The intraday trading volume of the coin has managed to rise about +441.09% in the past 24 hours, indicating a boom in the number of buyers as the price breaks critical resistance levels.
Rising Growth For BTG Token Price
BTG token price shows a retracement in the 4-hour chart representing a retest of the $70 breakout. As a result, investors may soon see the price drive higher than the $95 mark if the retest is successful.
According to the pivot point standard, the coin price could support the $50 and $35 marks. However, if the bullish trend sustains, the price could rise to the opposition of the $95 level.
The RSI indicator, which is bullish, indicates a gradual and steady rise in the slope.
The ADX indicator signals a rise in trend momentum.
Conclusion: BTG Token price retests the breakout of a strong resistance level at $70, which may provide a significant push in demand resulting in the price jump above the $90 mark.
Investors with bullish hope may find an entry spot at the 20-period EMA in the 4-hour chart. However, one should be careful of a bearish fallout as the price may fail to rise after retesting.
Support: $50 and $35
Resistance- $95 and $115