THELOGICALINDIAN - Key Points
Bitcoin gold amount is captivation the $260 abutment adjoin the US Dollar. BTG/USD may anon accretion absorption and move aloft $300-310 in the abreast term.
Bitcoin Gold Price Forecast
There was a decent rise in bitcoin gold amount aloft $300 this accomplished anniversary adjoin the US Dollar. The amount was able to move aloft the $320 and $340 levels. A new aerial was formed at $347.46 from area the amount started a downside correction. It confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $190 low to $347 high. However, there are abounding supports on the downside such as $260 and the 100 simple affective boilerplate (4-hours).
There are additionally two important bullish trend curve basic with abutment abreast $280 on the 4-hours blueprint of BTG/USD. These trend curve are captivation the accepted downside move and preventing losses beneath $260. The brace afresh activated the 50% Fib retracement akin of the aftermost beachcomber from the $190 low to $347 high. It seems like the brace is aloft a major support breadth at $260-280. As continued as the brace is aloft the declared abutment zone, it could move college aloft the $310 akin in the abreast term.
Above the mentioned $310, there can be added assets aloft $340. There are alike affairs of it breaking the $350 level. On the cast side, a breach beneath $260 could advance downsides against $200 in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is currently in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is currently aloft the 50 level.
Major Support Level – $260
Major Resistance Level – $310
Charts address – Trading View, Bitfinex
