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Bitcoin Gold Price Analysis: BTG Coin Gives Breakout Above Several EMA’s

  • The BTG coin price breaks above the 55-EMA during intraday
  • The 24-hour trading volume is at $18 million.
  • BTG/BTC pair is trading negative by 0.4% at 0.00103099 BTC.

Moving Average (EMA) In the BTG coin daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an uptrend for BTG as long as prices are above the moving average.

The volume (42.016K) is above the 20-day moving average (20.04K). The volume is high, so the cost is increasing. Investors may also notice an increment in volume. This indicates that unusual changes are normal on the following trading days.

BTG Coin Price Running Towards The Resistance Levels

The daily price chart of BTG coin is on the rise. Depending on the price movement, the support range is between $50 and $55. On the flip side, the resistance area you should be looking for is $85- $90.

The RSI showed a signal of 55 (bullish) with a short-term buy forecast. Investors may find that the indicator’s RSI line is sloping upwards. A rise can happen on future trading days.

The MACD shows a (bullish) cross above the signal line on November 8, indicating a buy signal for the currency. In addition, investors can see emerging green bars in the histogram indicator.

Conclusion

Bitcoin Gold is priced at $68.17 today, with a 24-hour trading volume of $22,879,063. BTG prices have increased 6.3% in the last 24 hours. There are 18 million BTG coins in circulation, making a total of 21 million coins.

RSI and MACD indicate a buy signal. Traders have directed high volume. In fact, the cost is gradually moving towards the resistance zone. A market survey also shows that this pattern will continue its uptrend in the coming trading days.

Resistance Level: $85- $90

Support Level: $50- $55

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.