Bitcoin Gold price up 10%, BTG price technical analysis

Bitcoin Gold price up 10%, BTG price technical analysis
After a huge slump, Bitcoin Gold is recovering from its price up by 12 percent and is climbing towards the $200 mark which it failed to sustain in the latest round of corrections.

There seemed to be a bearish trend for Bitcoin Gold, but that hasn’t sustained for long and in a matter of hours the BTG/USD chart is towards an up again with BTG currently trading at $192. It went down to nearly $150 and so the latest round of surge is impressive to a certain level.

Bitcoin Gold price up 10%, BTG price technical analysis

There was no major recovery above $220 in bitcoin gold price against the US Dollar. The price faced a lot of selling pressure and it declined below the $200 support as well. The decline was such that the $180 support was also pierced. It traded as low as $150.88 and later it started an upside correction.

However, there are many resistances on the upside around $200. There is also a short-term connecting bearish trend line forming with resistance at $185 on the hourly chart of BTG/USD. Above the trend line resistance, the $200 level is a major resistance. It was a support earlier and now it may stop gains above $200-210.

Buying and Selling Bitcoin Gold

Bitcoin Gold can be traded on these cryptocurrency exchanges: CoinsBank, ACX, Binance, YoBit, GetBTC, Kucoin, Bibox, BTCC, Lbank, Coinone, BX Thailand, CEX.IO, Gatecoin, Coinsquare, Allcoin, Bitbank, CoinExchange, Foxbit, Bitonic, BTC Markets, Bitfinex, BitMarket, Kraken, HitBTC, Coinnest, Fisco, Bitstamp, LakeBTC, QuadrigaCX, EXX, Luno, BigONE, BTCTurk, CoinEgg, xBTCe, Cryptopia, BTCBOX, OKEx, BtcTrade.im, BitBay, Poloniex, Coinrail, ZB.COM, Coinfloor, Upbit, BitGrail, Quoine, GDAX, Independent Reserve, Mr. Exchange, Negocie Coins, Huobi, Coinroom, WEX, Bitso, Korbit, Bit-Z, Bithumb, Livecoin, Gemini, Gate.io, Bleutrade, Bitcoin Indonesia, itBit, BitMEX, bitFlyer, CoolCoin, Paribu, RightBTC, Tidex, Liqui, Zaif, Bittrex and BL3P. It is not presently possible to purchase Bitcoin Gold directly using U.S. dollars. Investors seeking to acquire Bitcoin Gold must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Gold using one of the exchanges listed above.

Bitcoin Gold price up 10%, BTG price technical analysis Bitcoin Gold price up 10%, BTG price technical analysis Reviewed by mir khaleq ali on January 18, 2018 Rating: 5

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