Bitcoin Gold Price prediction – Will BTG Price Hit $200 in 2021?

This Bitcoin Gold (BTG) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BTG price analysis and prediction.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in BTG.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will BTG experience the same price volatility? We’ll find out shortly in this BTG price prediction 2021 article. But first, let’s have a look at what BTG is.

What is Bitcoin Gold?

Bitcoin Gold was launched in 2017 to become a user-friendly crypto platform alternative to Bitcoin. The BTC network works to join the security and sturdiness of the Bitcoin network and its characteristics with the chance for experimentation and development.

Moreover, BTG enhances and extends the crypto platform with a blockchain closely compatible with Bitcoin, however, without utilizing resources like Bitcoin hash power or vying for the “real Bitcoin” title. More so, the company aims to deliver a coin with the implementation capabilities of BTC, however, expanding on the chances for DeFi and DApp developers to utilize the coin.

In addition, Bitcoin Gold was founded by a team of enthusiasts with various backgrounds and skills. More so, the Hang Yin is a co-founder and lead developer at Bitcoin Gold. However, he graduated with a degree in computer science from Fudan University in 2015. Furthermore, his professional career started right after he graduated.

Now that we are clear about Bitcoin Gold do you think BTG will be beneficial crypto in 2021? Join me and let us see the charts in this BTG price analysis and BTG price prediction.

Bitcoin Gold Current Market Status

As of the time of writing this BTG price analysis, BTG trades at $61.93 with a 24-hour trading volume of $39,266,132. Moreover, the price of BTG has decreased by 7.43% in the last 24 hours.

Furthermore, BTG has a current circulating supply of 17,513,923.59 BTG. Currently, the top cryptocurrency exchanges for BTG are Binance, OKEx, Huobi Global, Upbit, and HitBTC.

Now, let’s go to the next part of this BTG technical analysis for 2021.

Bitcoin Gold Price Analysis 2021

Currently, BTG holds 86th place on CoinGecko. But will the latest upgrades, development, and changes in the BTG blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this BTG price prediction article.

In the above daily frame chart, we could see the Falling Wedge Pattern. Moreover, this could immediately be preceded by a price breakout. Moreover, the falling wedges slopes down and obtain a bullish bias.

More so, this bullish bias cannot be analysed till a resistance breakout takes place. As a continuation pattern, the falling wedge will slope down further, however, the slope will remain against the predominant upward signal. As a reversal pattern, the falling wedge slopes down and with the predominant trend.

The Relative Strength Index (RSI) is above 38, which means that BTG is in a nearly oversold state. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of BTG.

Since the start of 2021, BTG’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, BTG has a competitive market this 2021.

Bitcoin Gold Price Prediction 2021

The chart below shows that BTG has performed great over the past few days. Moreover, the BTG price shows a bearish trend. If this trend continues, BTG might run along with the bears, overtaking its $1.07 support level and drop lower.

Conversely, if the investors turn against the crypto, the bears might take over and push BTG from its downtrend position. In simpler terms, the price of BTG might increase to almost $169, a bullish signal.

Meanwhile, our long-term BTG price prediction for 2021 is bullish. It has a high possibility of reaching great heights. However, that will only happen if it breaks many past psychological resistances.

Conclusion

BTG has a bright future ahead of it in 2021. With the ongoing developments happening within the BTG ecosystem, as well as in the overall crypto market, we may see BTG reach new heights.

Bullish BTG price prediction 2021 is $169. As said above, it may even reach $200 if investors have decided that BTG is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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