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Bitcoin Gold (BTG) price forecast demonstrates a bullish phase on the daily technical chart. The price is currently trading above the key moving averages, showing bullishness on the daily charts. Bitcoin Gold is in a long-term uptrend, as the BTG token maintains its gains in the bullish territory and shrugs off the resistance. The bears are still trying to push the price down with short positions and trigger a correction in the token. Bitcoin Gold showed strength and maintained gains above the resistance. Bulls are buying the token and preparing to breach higher levels in the upcoming sessions. The chart pattern indicates the bulls’ dominance and projects an optimistic scenario on the charts. BTG token’s price is targeting a breakout above the $30 mark and investors and traders should pay attention to it. The price movement reveals a solid chart structure with bulls’ influence, and long accumulation activity was observed in the previous trading sessions. Moreover, sellers were now becoming wary due to the sharp rally that caught sellers off guard in the past months. However, they are still attempting to drag the price down. Technical Analysis of Bitcoin Gold Crypto Price in 1-D Timeframe Source: Bitcoin Gold.1D.USD by TradingView Bitcoin Gold (USD: BTG) has steadily seen its crypto price rise for the past three months, gaining 48.49% and 8.71% in the last month. Presently, BTG crypto has been trying hard to hold on to this threshold after a good performance. Presently, Bitcoin Gold crypto (USD: BTG) is trading above the 50 and 200-Day EMAs (Exponential moving averages), which are elevating the price momentum.  The MACD line at 0.722 and the signal line at 0.650 are above the zero line. A bullish crossover is observed in the MACD indicator, which signals strength in the momentum of the BTG crypto price.…

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Filed under: News - @ February 18, 2024 9:08 pm