Bitcoin Gold Price Prediction: Long-term (BTGUSD) Value Forecast- June 3
• BTG/USD trade continues in its bullish momentum.
• There might be a trend reversal in the market due to the formation of the spinning top bar.
BTGUSD Long-term Trend: Bullish
• Supply zones:$ 40 $50, $60
• Demand zones:$ 20, $15, $10
The cryptocurrency is in an uptrend in its long-term outlook. The impulsive move by the bulls at $29.352 was moved down by the formation of a bearish spinning top bar at $27.803 as the low of yesterday trading session in the supply area. This implies a trend reversal might occur in the future.
The momentum in price continues in an uptrend as it journeys up north at $29.607 as its high. Although, there is an indication that the trend might change to a downtrend in the future.
Price is above the exponential moving average-4 in the supply area; an indication that the bulls are in the dominance of the cryptocurrency. The stochastic oscillator signal is pointing upwards at above level 60%. This suggests the momentum in price is in an uptrend.
$40.000 may be retested by the bulls in the days ahead.
Live Bitocin Gold (BTG) Price:
1 BTG/USD =$28.6949 change ~ 1.76%
The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.