- Bitcoin Gold Coin has given a long term bullish breakout after a long consolidation.
- BTG coin is watching above all important moving averages like 20, 50, 100 and 200.
- Bitcoin Gold is up 6.1% with the crypto bitcoin pair at 0.001307 satoshis.
Bitcoin Gold Coin is one of the recent early winners, according to CMC. Since the start of the uptrend, BTG coin has increased by more than 45 percent in the most recent trading sessions. Last week, buyers reached a 60-day high at $38.5 and are now keeping an eye on the following resistance levels that could impact the current trend.
In the intraday trading period, the price of Bitcoin gold is currently trading at $30.5 at the time of writing. Even so, BTG was losing ground following rejection close to the $93.2 52-week high. By placing a buy order close to the green hedge zone, buyers successfully keep the altcoin price in the higher zone (bottom of the chart).
For the past several weeks, buyers struggled in selling pressure inside the falling wedge pattern (white) in the course of the weekly price chart. After reversing from the 2022 low, buyers got extremely well acceleration as a result buyers broke out this bearish pattern last week. But this week’s price candle observes inside the previous bullish candle.
Buyers may see an accumulation this week as BTC bulls barely keep asset price above $27-support level. Meanwhile, the market cap is a little up by 3.7% at $534 Million as per CMC. same as, the Bitcoin Gold crypto along with the BTC pair is up by 6.1% at 0.001307 Satoshis.
The $5.0 Level Will be the Next Resistance
Key moving averages like 20,50 100 and 200 DMA are below the current price of Bitcoin gold coin. The 200 DMA (red) was a major support level amid the recent volatility. Nevertheless, the Stoch RSI is moving down to test the oversold zone.
The Bitcoin Gold coin price traded with support above the 200 day moving average during the daily price scale. Buyers may see a pullback near the next round level of $40, above this bullish barrier, the $50 mark will be the next resistance.
Support level – $20 and $14
Resistance level – $40 and $50
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.