Bitcoin Gold Reflects Recovery; May Cross Resistance at $11.2

Bitcoin Gold (BTG) News

Bitcoin Gold (BTG) is currently ranked at 65th position in the global crypto market, with a total market cap of 189,553,440 USD. Over the last 24 hours, it registered a significant bullish movement. It has traded from $10.09 to $11.38 in this period.

Since the beginning of August, Bitcoin Gold managed to keep the uptrend intact despite few sharp pullbacks. Over the last 24 hours, the BTG/USD managed to persist upside trendline despite the recent decline.

Yesterday, the currency was trading around $10.60, but in the next few hours, it faced a price drop and fell to $10.09. It was the lowest price point for BTG for the day. However, it soon managed to trade upwards, and by 15:00 UTC, the price of Bitcoin Gold touched $11.007.

However, after hitting the $11 mark, the coin faced rejection and started to be correcting downwards, but it managed to trade above $10.60. The next few hours were stable for BTG’s price. Today, the currency marked positive momentum, and over the next 6 hours, it reached to the previous resistance at $11.38.

The MACD indicator shows a bullish crossover, but the price movement reflects moderate correction after facing a steep decline from $11.38. However, as per the overall price momentum of Bitcoin Gold, it may soon recover the recent decline.

The next few days may see decent growth in terms of price. As per the current trend, the next resistance may follow by $11.2 soon. However, investors need to stay cautious of any sudden changes in the value.