The hard fork has changed the current proof-of-work (PoW) consensus algorithm to Equihash-BTG . The intraday resistance is $30, while the critical resistance will be encountered at $31.00. Bitcoin Gold has maintained trading within an ascending channel while the charts show an 11% growth since the beginning of July. The virtual currency is trading at $29.4, up from $26.1 on July 1. BTG/USD changed hands below $23.00 during the declines in the last week of June. However, the bullish trend has pushed past resistance at $26.00, $29.00 and even traded above $30.00 before succumbing to bear pressure. Bitcoin Gold development team has announced that they are going to hard fork the protocol to ensure that the risk associated with 51% attacks are minimized even in future. The move is also protecting the community from the ASIC miners that are increasing in the industry. The hard fork has changed the current proof-of-work (PoW) consensus algorithm to Equihash-BTG from the current Equihash. The community should, however, not expect a new token, the hard fork is only introducing updates to the old chain. At the moment, the bearish trend has broken past the support provided by both the 50 SMA and the 100 SMA marginally above $29.00. The intraday resistance is $30, while the critical resistance will be encountered at $31.00. The Bulls must battle for consolidation above $30.00, failure to which, BTG/USD could test the next support target highlighted at the 61.8% Fib level with the last high at $31.16 and a low of $22.87. But before that, the bullish trendline will halt declines slightly below $29.00. BTG/USD 30-minutes 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 GBP/USD plummets to 1.32 on latest Brexit headlines FX Street 4 years The hard fork has changed the current proof-of-work (PoW) consensus algorithm to Equihash-BTG . The intraday resistance is $30, while the critical resistance will be encountered at $31.00. Bitcoin Gold has maintained trading within an ascending channel while the charts show an 11% growth since the beginning of July. The virtual currency is trading at $29.4, up from $26.1 on July 1. BTG/USD changed hands below $23.00 during the declines in the last week of June. However, the bullish trend has pushed past resistance at $26.00, $29.00 and even traded above $30.00 before succumbing to bear pressure. Bitcoin Gold development… Top 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.