Bitcoin Gold turns bearish on testing the resistance at $12.00. The immediate support at the 100 SMA must hold to avoid declines that could touch $10.00. Bitcoin Gold is suffering the most under the tough bears’ grip on Tuesday. The cryptoasset has transformed from being one of the best-performing assets in January to the biggest daily loser. The trading in both the Asian and the European sessions has been characterized by increased selling activity. Following the opening value of $11.77, BTG hit a low at $11.07 before adjusting to $11.21 (market value). In other words, the cryptoasset has thinned 4.46% barely halfway through the day’s trading. Meanwhile, the immediate upside is capped by the 50 SMA in the 4-hour range. The downward momentum follows an attempt to clear the resistance at $12.00. This breakout emanated from the surge above the trendline resistance. The RSI clearly shows the bears are gaining traction. It also means that if the 100 SMA support gives in, Bitcoin Gold is likely to spiral towards $10.00 and $8.00 support areas respectively. As the sellers push to explore the rabbit hole, the bulls are keen to keep the focus on the target at $15.00. BTC/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next UK construction PMI jumps to 48.4 in January, GBP/USD re-takes 1.3000 FX Street 2 years Bitcoin Gold turns bearish on testing the resistance at $12.00. The immediate support at the 100 SMA must hold to avoid declines that could touch $10.00. Bitcoin Gold is suffering the most under the tough bears’ grip on Tuesday. The cryptoasset has transformed from being one of the best-performing assets in January to the biggest daily loser. The trading in both the Asian and the European sessions has been characterized by increased selling activity. Following the opening value of $11.77, BTG hit a low at $11.07 before adjusting to $11.21 (market value). In other words, the cryptoasset has thinned 4.46% barely… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
