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  • BTG at a critical juncture on the long term charts.
  • Has a long way to go before resumption of bull market.

Bitcoin Gold, the split cousin of the biggest crypto Bitcoin, is sitting at a critical juncture in its journey where if it manages to cross past certain levels, may result in this never ending bear market sooner than it seemed thus far.

BTG/USD is up more than 2 percent at $28.298, rising from the lows of $27.06 and the momentum seems to be favouring the bulls for the day. On the daily charts, BTG is sitting just above a descending trendline drawn from the highs of February.

This is the first test for the bulls if they can make a comeback and end this bear market which kept dragging prices lower each time.

BTG/USD daily chart: