Bitcoin Gold separates from other coins to push for recovery towards $10 (supply zone). The bullish action is happing after a two-week consolidation phase between $7 – $8. Bitcoin Gold remains the bull among a sloth of bears following a bearish wave that is sending most cryptocurrencies back to retest key levels. Bitcoin (BTC), for instance, failed to sustain gains above $8,700 and retreated to test $8,500 support. The majority of cryptocurrencies are also posting losses between 0.01% and 2% on the day. On the other hand, BTG/USD is defying the general downtrend with a 2.33% increase in value. The enthusiastic move comes after roughly two weeks of consolidation between $7and $8. The initial break above the Simple Moving Averages (SMAs) gave the price a kick towards $10 (supply zone). Read also: Â Bitcoin technical analysis: BTC/USD not bothered by BTC ETF’s rejection, all eyes on $9,000 Bitcoin Gold has tested the intermediate resistance at $9.00 but is trading at $8.68. The uptrend is supported by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The indicators send out bullish signals to show that the action towards $10 is not over. Besides, the volume accumulation-distribution indicator is pointing north as a sign of a stronger bullish momentum. Inline to offer support is the trendline, the former consolidation range at $7-8 and $4.0 primary support level. BTG/USD 240′ 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 Forex News Today: Daily Trading News share Read Next NZ: CPI likely rose 0.7% in the September quarter – ANZ FX Street 3 years Bitcoin Gold separates from other coins to push for recovery towards $10 (supply zone). The bullish action is happing after a two-week consolidation phase between $7 - $8. Bitcoin Gold remains the bull among a sloth of bears following a bearish wave that is sending most cryptocurrencies back to retest key levels. Bitcoin (BTC), for instance, failed to sustain gains above $8,700 and retreated to test $8,500 support. The majority of cryptocurrencies are also posting losses between 0.01% and 2% on the day. On the other hand, BTG/USD is defying the general downtrend with a 2.33% increase in value. The… 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.
