- The Bitcoin Gold Coin (BTG) broke the downsloping trendline last night.
- BTG investors are moving towards the 200-DMA as a bullish barrier today.
- Speculators saw an incredible 1014% increase in trading volume to $64.4 million last night.
די לעצטע וואַלאַטילאַטי פון די ביטקאָין גאָלד Coin (BTG) shattered the bears’ hopes as they were aiming to break the price below $20. Last night, the asset price crossed a sharp sideways zone on the daily price scale.
The month of August was dominated by sellers of the BTG token as the price was seen below the downsloping trendline (bottom of the chart). Sellers continuously convert each RSI into a sell. Later, buyers may struggle with each swing rise after a bearish trendline breakout.
The correlation between bitcoin and bitcoin gold coins according to the correlation coefficient indicator on the daily price scale is 0.86. Therefore, BTC is trading higher at the $25.1 mark against USDT in the intraday trading session. Similarly, the BTC/בטג pair price is up 13.6% at 0.001262 Satoshis.
The market reached $440 million with a gain of 14.5% in the last 24 hours. בטג investors are approaching the 200-DMA as a bullish barrier today. Meanwhile, speculators saw an incredible 1014% increase in trading volume to $64.4 million last night. This incredible increase in volume reflects the accumulation of new investors.
Price Struggle at 200-DMA on Daily Price Scale
On the daily price scale, the RSI indicator has crossed a semi-line (50-point) after a reversal from lower levels. Similarly, MACD is going to show a bullish crossover today; Although both the moving lines remain in negative regions.
סאָף
Bitcoin Gold Coin (BTG) is still looking in a horizontal range below $26.5 despite a 14.5% gain. Now the bears are attempting to keep the BTC price below the 200-day SMA.
שטיצן מדרגה - $ 20 און $ קסנומקס
קעגנשטעל מדרגה - $ 40 און $ קסנומקס
אָפּלייקענונג
די מיינונגען און מיינונגען סטייטיד דורך דעם מחבר, אָדער קיין מענטשן געהייסן אין דעם אַרטיקל, זענען בלויז פֿאַר ינפאָרמאַטיוו געדאנקען, און זיי טאָן ניט פאַרלייגן קיין פינאַנציעל, ינוועסמאַנט אָדער אנדערע עצה. ינוועסטינג אין אָדער טריידינג קריפּטאָ אַסעץ קומט מיט אַ ריזיקירן פון פינאַנציעל אָנווער.
Source: https://www.thecoinrepublic.com/2022/09/26/bitcoin-gold-price-analysis-more-than-1000-increase-in-btgs-trading-volume-how-to-survive/