THELOGICALINDIAN - Key Points
Bitcoin gold amount is placed able-bodied aloft the $250 akin adjoin the US Dollar. BTG/USD charcoal able-bodied accurate and it could move college in the abreast term.
Bitcoin Gold Price Support
There was a decent rise in bitcoin gold amount aloft the $300 akin afresh adjoin the US Dollar. The amount traded as aerial as $369 afore starting a downside correction. It beneath and confused beneath the $320 and $300 abutment levels. Moreover, there was a breach beneath the 50% Fib retracement akin of the aftermost beachcomber from the $200.21 low to $369.48 high.
However, there are abounding supports on the downside aloft the $250 level. An antecedent abutment is about the 61.8% Fib retracement akin of the aftermost beachcomber from the $200.21 low to $369.48 aerial at $264. There is additionally a aloft bullish trend band basic with abutment at $265 on the alternate blueprint of BTG/USD. The brace charcoal able-bodied accurate aloft the $250-260 levels. More importantly, the 100 alternate simple affective boilerplate is at $256. Therefore, there is a clear aloft support basic aloft $250.
As continued as the brace is aloft the mentioned $250 level, it charcoal in an uptrend. On the upside, there is a appropriate attrition basic at $300. A breach of the declared $300 attrition may advance the amount aback in the bullish area for added gains.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is about to move aback in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is currently beneath the 50 level.
Major Support Level – $250
Major Resistance Level – $300
Charts address – Trading View, Bitfinex
