Bitcoin Gold Technical Analysis: BTG/USD pokes through $11 after a massive 10% rally

  • BTG/USD is up 10.4% in the last 24 hours.
  • BTG hit a high of $11.44, the highest point since the beginning of March.

BTG/USD had an explosive bull breakout on June 28 going from a low of $7.89 to $11.28. On June 29, BTG saw a continuation towards $11.44 but got rejected again droppìng to the current level of $10.21 still way above the daily 12-EMA and the 26-EMA which have just crossed bullishly.

BTG/USD 4-hour chart


Clearly, BTG has changed its 4-hour trend to an uptrend and it’s now looking for a healthy consolidation before another leg up. The levels to watch are $10.78 resistance level and the $11 psychological level as well as the high at $11.44. For support, BTG can use the $9.44 low and the 12-EMA currently established at $9.5 followed by the 26-EMA at $9.08.

BTG/USD 1-hour chart


The hourly chart is inside an equilibrium pattern that had a small fakeout towards $9.4. Buyers are no pushing BTG towards $11 and if they fail, they will establish a clear lower high and confirm the equilibrium pattern.

BTG/USD technical levels


Today last price 10.305
Today Daily Change 0.42650
Today Daily Change % 4.32
Today daily open 9.8785
Daily SMA20 8.67942
Daily SMA50 8.9164
Daily SMA100 8.87964
Daily SMA200 8.83101
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



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