Coin Gabbar Token

<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-gold-btg-prices-usd" rel="noopener noreferrer nofollow">The Bitcoin Gold (BTG) price trend is bullish</a> after finding support at the 50-day EMA, but it remains in a downtrend overall.The continuing to improve underlying bullish sentiments touch a potential uptrend within the falling channel with multiple long-tail daily candles.After the rounding bottom breakout, the Bitcoin Gold (BTG) price trend shows a bearish reversal from the $35 resistance level. The downtrend establishes a falling channel and accounts for a 35% drop in three weeks to test the 50-day moving average.With the help of a 50-day EMA, the price trend shows a bullish reversal from the falling channel&#39;s support trendline. Multiple low price rejections near the supporting EMA increase the likelihood of an uptrend to the overhead resistance trendline.BTG is currently trading at $25.80, up 2.30 in the last 24 hours, indicating the possibility of a bullish engulfing candle formation. However, before reaching the trendline, the bullish trend may encounter resistance at $27.00 and the 200-day EMA.The RSI indicator displays a downtrend under the influence of a resistance trend line moving along with the 14-day average line. However, the recent reversal within the nearly oversold zone may challenge the resistance confluence shortly.The fast and slow lines in the MACD indicator project a chance of a bullish turnaround teasing a crossover event. Hence, the technical indicators maintain a bullish bias for the BTG prices.The RSI indicator shows a downtrend influenced by a resistance trend line moving in parallel with the 14-day average line. However, the recent reversal within the nearly oversold zone suggests that the resistance confluence may be tested soon.The MACD indicator&#39;s fast and slow lanes forecast a bullish turnaround, teasing a crossover event. As a result, the technical indicators continue to prefer BTG prices.KEY LEVELS :RESISTANCE LEVEL : $27.00-$29.00SUPPORT LEVEL : $25.00-$24.00Get more crypto related price prediction on :- <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">https://www.coingabbar.com/en/price-analysis</a>

Cryptocurrency price update: BITCOIN GOLD PRICE ANALYSIS : Head and Shoulder pattern rally up to $30

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