BITCOIN GOLD Price Prediction Today: Daily (BTG) Value Forecast – June 7
- The bulls are in control of the short and medium-term outlook.
- Responsible buying at key areas recommended.
BTG/USD Medium-term Trend: Bullish
Supply zones: $28.00, $29.00, $30.00
Demand zones: $10.00, $8.00, $6.00
BTGUSD is in the uptrend in the medium-term outlook. The bullish marubozu at $24.67 in the demand area toward the close of yesterday session was a confirmation that the market is now controlled by the bulls. BTGUSD rose to $25.68.
The bulls continue the journey up north as the market opens and price was initially up at $26.14 and later at $27.48 in the supply area with the break at the 50-EMA.
The momentum up may be sustained as confirmed by the signal of the stochastic oscillator pointing up at 62%. Price is presently above the two EMA, an indication of strong bullish pressure.
$30.00 in the supply area is the bulls target in the medium-term outlook.
BTG/USD Short-term Trend: Bullish
The coin is in a bullish trend in the short-term outlook. Price has bounced off each time it touches the trendline. The touch at $24.40 before the close of yesterday pushed price up to $27.48 in the supply area.
The drawdown to the trendline has price at $26.04 in the demand area. BTGUSD is on the rise with price currently at $26.80.
$28.00 in the supply area is the target in the short-term. This was confirmed by the signal of the stochastic oscillator pointing up at 59% an indication of upward price movement.
Live Bitocin Gold (BTG) Price:
1 BTG/USD =$57.8907 change ~ 5.67%
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