Bitcoin Gold Price Prediction Today: Daily (BTG) Value Forecast – June 3
- BTG/USD market now appears set to find a foundation around its 50-day SMA indicator.
- The bulls' impact in the BTG/USD trade hasn't been totally exhausted.
BTG/USD Medium-term Trend: Ranging
- Resistance levels: $32, $34, $36
- Support levels: $24, $22, $20
Bitcoin Gold has been trading in a range moving mode after witnessing a fall in price towards its Bollinger Middle Band trend-line on May 30. That part of the Bollinger Bands has been trending north-east direction around $28 price level. The Bollinger Bands are located over the 50-day SMA. The Stochastic Oscillators have crossed to point south near range 40.
The 50-day SMA indicator needed to be considered as a vital trading instrument in determining an uptrend continuation of this crypto-market. As its breaking past, a price point at $26 may not come easily in a downturn price movement. Therefore, traders need to still watch out for a good buy set-up.
BTG/USD Short-term Trend: Bearish
The BTG/USD market in the short-term run has been under a relative falling pressure today. As at today’s early trading hour, the pair suddenly surged northwards to a high price level at around $30.50. But, lost so soon to a downward movement that has now led the crypto to trade around a low point at $28..
Price has bee slightly recovering under both the 50-day SMA and the Bollinger Middle Band locations. The Stochastic Oscillators have dipped into the oversold to now briefly point north at range 20.
Whilst the market keeps on its current recovering manner, the previous high at $30 mark may be extended to $31 or $32 mark.
Live Bitocin Gold (BTG) Price:
1 BTG/USD =$26.4701 change ~ 4.72%
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