Bitcoin Gold price rockets above the resistance at $11.00 but stalls short of $11.50. The technical analysis in the 4-hour range suggests that there is room for growth as oversold conditions are still at bay. Bitcoin Gold (BTG) continues to lead the market in recovery from the losses recorded in February. The first week of March has been fruitful for BTG with the crypto posting a higher high pattern to the extent of climbing above the moving averages in the 4-hour range. At the time of writing BTG/USD is trading at $11.08 after adjusting from $11.29 (intraday high). The 50 SMA and the 100 SMA will both function as support lines at $9.12 and $9.76 in the event of a reversal under $10.00. The RSI emphasizes that the bulls are in charge and likely to pull the price higher above the short term resistance at $11.50. For the buyers, $12.00 is the medium-term resistance while $14.00 is the ultimate resistance in the journey towards $20.00. Technical analysis shows that BTG/USD is not yet oversold and, therefore, there is still room for growth. Besides, the Elliot Wave Oscillator has just recorded the fifth bullish session in a row. It is important that support is established above $11.00 to give the bulls ample time to gather the strength to push the price higher. BTG/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 US Pres. Trump: Congress has agreed to provide $8 bn to fight Coronavirus, great news FX Street 3 years Bitcoin Gold price rockets above the resistance at $11.00 but stalls short of $11.50. The technical analysis in the 4-hour range suggests that there is room for growth as oversold conditions are still at bay. Bitcoin Gold (BTG) continues to lead the market in recovery from the losses recorded in February. The first week of March has been fruitful for BTG with the crypto posting a higher high pattern to the extent of climbing above the moving averages in the 4-hour range. At the time of writing BTG/USD is trading at $11.08 after adjusting from $11.29 (intraday high). The 50 SMA… 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.