Bitcoin Gold (BTG) Struggles to Show Boost Against Red Ocean Currents! - Kakiforex.com - Financial Market Media No. 1 in the World Bitcoin Gold (BTG) Struggles to Show Boost Against Red Ocean Currents! Bitcoin Gold (BTG) Struggles to Show Boost Against Red Ocean Currents!
InstaForex

August 2, 2021

Bitcoin Gold (BTG) Struggles to Show Boost Against Red Ocean Currents!

 Several cryptocurrencies have soared this weekend, with the price of Bitcoin generating a significant profit of more than $ 40,000.


Bitcoin Gold which is one of the hard fork of Bitcoin has shown an excellent opportunity for BTG investors.


When the BTG analysis article was released in late July, BTG was trading at a price of around $ 38.


But consistently BTG has produced over 60% spikes to record highs around $ 59.3 in the past few hours.


Although today’s trading session saw a decline, BTG remained struggling to earn a positive rise.


Interesting if seen on the current movement chart of the BTG/USDT price.



From a technical point of view, the price movement is seen still maintaining the bullish trend and has passed the resistance zone around $ 59 that has been expected by investors.


Crypto analysts expect that, if the price movement stays with the trend, the resistance zone around $ 66 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 RBS zone (resistance become support) around $ 52 either making a rebound or continuing the decline lower.


At the time of writing, BTG/USDT is trading at around $ 59 up over 14% in the last 24 hours. Coins are currently ranked 76th in the crypto market.