Cubic Crazy Bitcoin Gold (BTG) Ready To Go Away! - Kakiforex.com - Financial Market Media No. 1 in the World Cubic Crazy Bitcoin Gold (BTG) Ready To Go Away! Cubic Crazy Bitcoin Gold (BTG) Ready To Go Away!
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July 23, 2021

Cubic Crazy Bitcoin Gold (BTG) Ready To Go Away!

 Bitcoin Gold is one of the hard fork of Bitcoin (BTC), serving as a user -friendly alternative to Bitcoin, aimed at combining the security and robustness of the Bitcoin blockchain.


Founded in 2017 by Hang Yin.


BTG enhances and expands the crypto space with a blockchain that is compatible with Bitcoin but without using resources, such as the hash power of Bitcoin.


Interestingly, BTG has the unique combination nature inherent in the original Bitcoin blockchain and one of the first hard forks of the original cryptocurrency that has attracted the attention of institutional and enterprise investors.


As the original Bitcoin token hard fork, BTG aims to revolutionize the mining process by introducing the latest proof-of-work algorithms that combat Bitcoin scalability issues.


Next, examine the current movement chart of the BTG/USDT price.


After BTG was listed from Binance on April 16, 2021, BTG has posted an all -time high (ATH) priced around $ 169 in market records.



However, the price movement was not able to maintain consistency until it declined to the support level around $ 30 due to the impact of the ‘market crash’ that occurred in the market.


From a technical point of view, the price movement is seen to be signaling a bullish trend and has passed the RBS (resistance become support) space around $ 38.


Crypto analysts expect that, if the price movement stays with the trend, the SBR (support become resistance) zone around $ 43 will be the next focus to be tested before making a higher rise.


However, if BTG shows a bearish trend again, the price movement will re -test the SBR $ 38 zone before making more declines than ever before or it is just a retracement.


At the time of writing, BTG/USDT is trading at around $ 38 with a market value of over $ 600 million in the last 24 hours. Coins currently rank 84th in the crypto market.