Bitcoin Cash leads in recovery on Thursday but triangle resistance limits upward price action. BTG/USD could settle into consolidation as observed with the sideways trending RSI and MACD. Bitcoin Gold (BTG) is among the most improved cryptocurrencies in the market. During the Asian session on Thursday crypto has increased in value by 3%. The majority of cryptoassets are in the red led by Bitcoin (down 0.14%), Ethereum (down 0.53%), and Ripple (down 0.31%). BTG/USD seems to be struggling to hold the uptrend after meeting the falling triangle resistance (trendline). A break above this resistance could lead to more gains, targeting $9.50 and $10.00 respectively. The RSI in the 4-hour range shows that the uptrend is unlikely to continue and Bitcoin Gold would most likely settle for consolidation. The sideways trading action is also emphasized by the MACD, currently moving sideways along the mean line (0.00). Its immediate downside is supported by the 50 SMA. Other support areas include the triangle support at $8.50, $6.50, and $5.00. In particular, the triangle support must be defended at all costs because if broken, the move could culminate in more losses towards lower support levels. 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 PBOC injects $33.5 billion via reverse repos, rate unchanged FX Street 3 years Bitcoin Cash leads in recovery on Thursday but triangle resistance limits upward price action. BTG/USD could settle into consolidation as observed with the sideways trending RSI and MACD. Bitcoin Gold (BTG) is among the most improved cryptocurrencies in the market. During the Asian session on Thursday crypto has increased in value by 3%. The majority of cryptoassets are in the red led by Bitcoin (down 0.14%), Ethereum (down 0.53%), and Ripple (down 0.31%). BTG/USD seems to be struggling to hold the uptrend after meeting the falling triangle resistance (trendline). A break above this resistance could lead to more gains, targeting… 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.
