Bitcoin Gold Price Analysis: BTG/USD maintains steady climb towards $11 following 10% jump
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BTG/USD bulls stayed in control of the market for the second straight day as the price jumped from $9.95 to $10.75. The price managed to chart intra-

  • BTG/USD bulls have remained in control over the last two days.
  • It seems like the price has gone up based on pure speculation.
  • BTG/USD is currently overpriced so it may face bearish correction soon.
  • BTG/USD bulls have remained in control over the last two days.
  • BTG/USD bulls have remained in control over the last two days.
  • It seems like the price has gone up based on pure speculation.
  • It seems like the price has gone up based on pure speculation.
  • BTG/USD is currently overpriced so it may face bearish correction soon.
  • BTG/USD is currently overpriced so it may face bearish correction soon.

    BTG/USD daily chart

    BTG/USD daily chart

    BTG/USD daily chartBTG/USD daily chart

    BTG/USD bulls stayed in control of the market for the second straight day as the price jumped from $9.95 to $10.75. The price managed to chart intra-day highs of $11.45. Over the last two days, the price has managed to jump above the SMA 20, the downward trending line, and the 20-day Bollinger Band's upper curve. 

    $9.95 to $10.75.chart

    The RSI indicator has peeked into the overbought zone, showing that the price is currently overpriced and may face bearish correction soon. The Elliott Oscillator has moved up from -0.255 to 0.1528 over the last two days following bullish price action.

    Looking at the market, there is a lack of solid fundamental reasoning behind the rise in BTG/USD’s recent bullish action. It seems like the price has gone up based on pure speculation.

    Support and Resistance

    BTG/USD faces strong resistance at $11 and $11.35. On the downside, healthy support levels lie at $10.54, $10.25 and $10.06.

    resistance $11 and $11.35$10.54, $10.25 and $10.06.

    Key levels

    BTG/USD

    Overview
    Today last price 10.751
    Today Daily Change 0.87250
    Today Daily Change % 8.83
    Today daily open 9.8785
     
    Trends
    Daily SMA20 8.67942
    Daily SMA50 8.9164
    Daily SMA100 8.87964
    Daily SMA200 8.83101
     
    Levels
    Previous Daily High 11.287
    Previous Daily Low 7.8911
    Previous Weekly High 9.5
    Previous Weekly Low 8.2159
    Previous Monthly High 10.65
    Previous Monthly Low 8.4111
    Daily Fibonacci 38.2% 9.98977
    Daily Fibonacci 61.8% 9.18833
    Daily Pivot Point S1 8.08407
    Daily Pivot Point S2 6.28963
    Daily Pivot Point S3 4.68817
    Daily Pivot Point R1 11.47997
    Daily Pivot Point R2 13.08143
    Daily Pivot Point R3 14.87587

     

    BTG/USD

    Overview
    Today last price 10.751
    Today Daily Change 0.87250
    Today Daily Change % 8.83
    Today daily open 9.8785
     
    Trends
    Daily SMA20 8.67942
    Daily SMA50 8.9164
    Daily SMA100 8.87964
    Daily SMA200 8.83101
     
    Levels
    Previous Daily High 11.287
    Previous Daily Low 7.8911
    Previous Weekly High 9.5
    Previous Weekly Low 8.2159
    Previous Monthly High 10.65
    Previous Monthly Low 8.4111
    Daily Fibonacci 38.2% 9.98977
    Daily Fibonacci 61.8% 9.18833
    Daily Pivot Point S1 8.08407
    Daily Pivot Point S2 6.28963
    Daily Pivot Point S3 4.68817
    Daily Pivot Point R1 11.47997
    Daily Pivot Point R2 13.08143
    Daily Pivot Point R3 14.87587

    BTG/USD

    Overview
    Today last price 10.751
    Today Daily Change 0.87250
    Today Daily Change % 8.83
    Today daily open 9.8785
     
    Trends
    Daily SMA20 8.67942
    Daily SMA50 8.9164
    Daily SMA100 8.87964
    Daily SMA200 8.83101
     
    Levels
    Previous Daily High 11.287
    Previous Daily Low 7.8911
    Previous Weekly High 9.5
    Previous Weekly Low 8.2159
    Previous Monthly High 10.65
    Previous Monthly Low 8.4111
    Daily Fibonacci 38.2% 9.98977
    Daily Fibonacci 61.8% 9.18833
    Daily Pivot Point S1 8.08407
    Daily Pivot Point S2 6.28963
    Daily Pivot Point S3 4.68817
    Daily Pivot Point R1 11.47997
    Daily Pivot Point R2 13.08143
    Daily Pivot Point R3 14.87587

    BTG/USD

    Overview
    Today last price 10.751
    Today Daily Change 0.87250
    Today Daily Change % 8.83
    Today daily open 9.8785
     
    Trends
    Daily SMA20 8.67942
    Daily SMA50 8.9164
    Daily SMA100 8.87964
    Daily SMA200 8.83101
     
    Overview
    Today last price 10.751
    Today Daily Change 0.87250
    Today Daily Change % 8.83
    Today daily open 9.8785
    Overview Overview Overview Today last price 10.751 Today Daily Change 0.87250 Today Daily Change % 8.83 Today daily open 9.8785 Today last price 10.751 Today last price10.75110.751 Today Daily Change 0.87250 Today Daily Change0.872500.87250 Today Daily Change % 8.83 Today Daily Change %8.838.83 Today daily open 9.8785 Today daily open9.87859.8785
     
    Trends
    Daily SMA20 8.67942
    Daily SMA50 8.9164
    Daily SMA100 8.87964
    Daily SMA200 8.83101
    Trends Trends Trends Daily SMA20 8.67942 Daily SMA50 8.9164 Daily SMA100 8.87964 Daily SMA200 8.83101 Daily SMA20 8.67942 Daily SMA208.679428.67942 Daily SMA50 8.9164 Daily SMA508.91648.9164 Daily SMA100 8.87964 Daily SMA1008.879648.87964 Daily SMA200 8.83101 Daily SMA2008.831018.83101
     
    Levels
    Previous Daily High 11.287
    Previous Daily Low 7.8911
    Previous Weekly High 9.5
    Previous Weekly Low 8.2159
    Previous Monthly High 10.65
    Previous Monthly Low 8.4111
    Daily Fibonacci 38.2% 9.98977
    Daily Fibonacci 61.8% 9.18833
    Daily Pivot Point S1 8.08407
    Daily Pivot Point S2 6.28963
    Daily Pivot Point S3 4.68817
    Daily Pivot Point R1 11.47997
    Daily Pivot Point R2 13.08143
    Daily Pivot Point R3 14.87587
    Levels
    Previous Daily High 11.287
    Previous Daily Low 7.8911
    Previous Weekly High 9.5
    Previous Weekly Low 8.2159
    Previous Monthly High 10.65
    Previous Monthly Low 8.4111
    Daily Fibonacci 38.2% 9.98977
    Daily Fibonacci 61.8% 9.18833
    Daily Pivot Point S1 8.08407
    Daily Pivot Point S2 6.28963
    Daily Pivot Point S3 4.68817
    Daily Pivot Point R1 11.47997
    Daily Pivot Point R2 13.08143
    Daily Pivot Point R3 14.87587
    Levels Levels Levels Previous Daily High 11.287 Previous Daily Low 7.8911 Previous Weekly High 9.5 Previous Weekly Low 8.2159 Previous Monthly High 10.65 Previous Monthly Low 8.4111 Daily Fibonacci 38.2% 9.98977 Daily Fibonacci 61.8% 9.18833 Daily Pivot Point S1 8.08407 Daily Pivot Point S2 6.28963 Daily Pivot Point S3 4.68817 Daily Pivot Point R1 11.47997 Daily Pivot Point R2 13.08143 Daily Pivot Point R3 14.87587 Previous Daily High 11.287 Previous Daily High11.28711.287 Previous Daily Low 7.8911 Previous Daily Low7.89117.8911 Previous Weekly High 9.5 Previous Weekly High9.59.5 Previous Weekly Low 8.2159 Previous Weekly Low8.21598.2159 Previous Monthly High 10.65 Previous Monthly High10.6510.65 Previous Monthly Low 8.4111 Previous Monthly Low8.41118.4111 Daily Fibonacci 38.2% 9.98977 Daily Fibonacci 38.2%9.989779.98977 Daily Fibonacci 61.8% 9.18833 Daily Fibonacci 61.8%9.188339.18833 Daily Pivot Point S1 8.08407 Daily Pivot Point S18.084078.08407 Daily Pivot Point S2 6.28963 Daily Pivot Point S26.289636.28963 Daily Pivot Point S3 4.68817 Daily Pivot Point S34.688174.68817 Daily Pivot Point R1 11.47997 Daily Pivot Point R111.4799711.47997 Daily Pivot Point R2 13.08143 Daily Pivot Point R213.0814313.08143 Daily Pivot Point R3 14.87587 Daily Pivot Point R314.8758714.87587

     


     


    From: FXSTREET