Home Bitcoin Gold Price Analysis: BTG/USD bulls remain in control, price hovers above the 20-day Bollinger Band
Crypto News

Bitcoin Gold Price Analysis: BTG/USD bulls remain in control, price hovers above the 20-day Bollinger Band

FX Street
Published date:
  • BTG/USD trends in an upwards channel formation.
  • Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum.

BTG/USD daily chart

BTG/USD daily chart

BTG/USD is currently trending in an upward channel formation and is on course of charting a second consecutive bullish session. This Friday, BTG/USD went up from $5.80 to $6.25 and has gone up further to $6.65. BTG/USD is hovering above the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. The price also happens to be trending above the 20-day Bollinger Band, hinting that BTG/USD is overpriced and may face bearish correction. The Moving Average Convergence/Divergence and Elliott Oscillator both show that the market sentiment is presently bullish. The Relative Strength Index (RSI) indicator is trending around 66.35, next to the overbought zone, hinting that the price may go up a bit more before facing a bearish correction.
 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026