THELOGICALINDIAN - Key Points
Bitcoin gold amount is accepting absorption aloft $380 adjoin the US Dollar. BTG/USD may anon advance assets aloft the $400 akin activity forward.
Bitcoin Gold Price Trend
It was a good period for bitcoin gold amount as it confused aloft the $325 and $360 attrition levels adjoin the US Dollar. The upside move was able and the amount about activated the $400 level. A aerial was formed at $399.92 and it seems like the accepted upside move is far from over. During the upside move, there was a breach aloft a above abutting attrition trend band at $355 on the alternate blueprint of BTG/USD.
The brace is now assertive to breach the $400 akin and accretion further. On the downside, an antecedent abutment is about the 23.6% Fib retracement akin of the aftermost beachcomber from the $290 low to $399 high. However, the best important abutment is abreast $360 and $355. The mentioned $355 akin was a attrition earlier, and now it is acceptable to act as a support. Moreover, the 38.2% Fib retracement akin of the aftermost beachcomber from the $290 low to $399 aerial is additionally about $358 to act as a decent support.
On the upside, a breach aloft the $400 akin is actual likely. Aloft $400, the abutting ambition could be the $425 akin in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is accepting drive in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is branch appear the overbought levels.
Major Support Level – $355
Major Resistance Level – $400
Charts address – Trading View, Bitfinex
