Bitcoin Gold price analysis: BTG/USD spikes 15% as South Korea-based Bithumb increases BTG liquidity
- “Bithumb Korean exchange adds abundant liquidity to the $BTG Market,” Bithumb team.
- Bitcoin Gold is not slowing down, it could brush shoulders with $30.0.
Bitcoin Gold has joined the likes of Bitcoin Cash in the mid-week surge. Both of these assets are enjoying support from different parts of the world. Bitcoin Cash, on one hand, is up 13% on Thursday on the largest Bitcoin (BTC) miner, Bitcoin IPO. On the other, Bitcoin Gold has jumped 15% on the day following the announced that South Korea-based Bithumb exchange has increased BTG liquidity.
The news was shared by Bitcoin Gold team on their Twitter account and reads:
“Bithumb Korean exchange adds abundant liquidity to the $BTG Market, showing Korean investor's confidence! -Available pair: BTG/KRW -Trading Fee: 0.15% -Advanced trading tools and charts.”
Bitcoin Gold price has broken out of the stubborn resistance at $23.00. The gains have extended above $26.00 in two successive engulfing candles. Nonetheless, it appears that Bitcoin Gold is not slowing down and is headed for $27.00 in the short-term. The crypto is also trading above both the 50SMA and the 100SMA. The trend is strongly bullish and $30.00 is within reach in the medium-term. A support above $26.00 will be instrumental to the buyers as they stage the next journey to $30.00 and beyond.
BTG/USD 60-minutes chart
-636736539553392699.png)
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
